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Let’s say you find yourself as the Head of State of some country during an impending economic crash.
Your country’s stock market is imploding, businesses are closing, unemployment is rising, and everyone is looking to you to provide economic guidance on how to weather this turmoil.
Here’s how you can weather the storm and come out on top!
📚 Want to learn more about economic crises? Check out “A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation”, by Scott Nations
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Sources & Citations –
Kopits, M.G., and Symansky, M.S.A., 1998. Fiscal policy rules (No. 162). International Monetary Fund.
Easterly, W., and Rebelo, S., 1993. Fiscal policy and economic growth. Journal of Monetary Economics.
Blinder, A.S., and Solow, R.M., 1972. Does fiscal policy matter? (Vol. 144). Econometric Research Program, Princeton University.
McCallum, B.T., 1987. The case for rules in the conduct of monetary policy: a concrete example. Review of World Economics.
Friedman, M., 1995. The role of monetary policy. Essential Readings in Economics.
Bernanke, B.S., and Mihov, I., 1998. Measuring monetary policy. The Quarterly Journal of Economics.
Ball, L., 1999. Efficient rules for monetary policy. International Finance.
Intro music –
Intractable by Kevin MacLeod is licensed under a Creative Commons Attribution license (creativecommons.org/licenses/by/4.0)
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