Eichengreen sees danger in US fiscal stimulus

Barry Eichengreen

Powerful government stimulus in the late 1930s helped end a long period of stagnation in the US, but trying the same thing now could prove destabilising, Barry Eichengreen warned on January 16.

Eichengreen told a conference at the Banque de France there was room for improving infrastructure in the US, a policy propounded by president-elect Donald Trump. But now may not be the right time, he said.

The US is close to full employment, the professor of economics noted. In such a situation

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