The Rocky Balboa Recovery

Scott Ross Baker, Nicholas Bloom, Steven J. Davis

Research output: Contribution to journalEditorial

Abstract

The on-then-off economic recovery in the US and Europe is one of the many mysteries of the post-crisis economy. This column provides some evidence that policymakers’ indecisiveness may be part of the cause. Because policymakers act decisively when things get bad and dither when things get better, corporate and consumer demand stalls just as the recovery gets going.
Original languageEnglish (US)
JournalVoxEU
StatePublished - Jun 20 2012

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