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Responding to Economic Crises: Policy Alternatives for Equitable Recovery and Development

Stiglitz, Joseph E.

Suggests that policy responses to economic crisis should cover three essential dimensions. Include the maintenance of full employment and economic stability through macroeconomic policy; Presence of a complementary structural policy aimed at restoring confidence; Development of safety nets to mitigate the long-term effects of economic downturns.

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Manchester School

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Economics
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April 10, 2013