Law could help central banks fight the next recession

Law

Countercyclical legal and regulatory policy should be used to boost aggregate demand during a recession, participants at a panel discussion at the Brookings Institution proposed.

Policy-makers need to utilise all of the tools at their disposal to fight the next recession as there is a “very good chance” that fiscal and monetary policy will be constrained, Federal Reserve economist Claudia Sahm and law professor at Yale University Yair Listokin argued.

“It is important we take an ‘and’ approach

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: