Impediments to Rapid Recovery From Financial Crisis Are More Political Than Economic

Matthew Yglesias:

Matthew Yglesias » Impediments to Rapid Recovery From Financial Crisis Are More Political Than Economic: I wrote yesterday that I think the Reinhardt & Reinhardt finding that economies in the wake of a financial crisis typically experience years of slow growth is evidence that such crises are normally met with an inadequate policy response. The other read, the one that both Reinhardt’s and Carmen Reinhardt’s co-author Ken Rogoff seem to prefer, is that years of...