Matthew Oxenford

Nota: Este archivo abarca los artículos publicados por el autor desde el 1 de mayo de 2009. Para fechas anteriores realice una búsqueda entrecomillando su nombre.

The combination of loose money and fiscal austerity may have prevented a financial meltdown, but has had profound distributional effects. Photo: Getty Images.

This year marks the 10th anniversary of the 2008 global financial crisis, the most significant financial and economic upheaval since the Great Depression. Recently, it has become tempting to believe that – following expected growth of over 2% in the eurozone for 2017 and a return to increasing interest rates by the Federal Reserve and Bank of England – the global economy has finally returned to normal.

However, this is to ignore the profound and permanent ways in which the global economy has changed as a result of the crisis itself and the policy responses to it, and to underplay the importance of these changes for global economic policy going forward.…  Seguir leyendo »