The next big shift in economics takes shape under coronavirus shadow6 min read 11 Oct 2020, 07:27 PM IST
Fiscal policy, which fell out of fashion as an engine of economic growth during the inflationary 1970s, has been front-and-center in the fight against Covid-19. Governments have subsidized wages, mailed checks to households and guaranteed loans for business
A rare regime-change in economic policy is under way that’s edging central bankers out of the pivotal role they have played for decades.
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