Friday, November 6, 2015
Roubini: The Central Banks are Broken
Fiscal policy instruments are not used to their full potential. There is a huge need for structural reforms worldwide, however, both in democracies and in “less democratic countries” implementation of structural reforms is hard because of the election cycles and the inability of politicians to act in the long-term.
Read more: Nouriel Roubini: 7 Ways Global Economy Is Going to Change
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics