In the News
What's the problem with protectionism
16th July 2016
In this hugely pertinent short essay, US economist Barry Eichengreen argues that protectionist policies such as import tariffs might not actually be bad macro policy at a time of a deflationary liquidity trap - but that the risks of beggar-thy-neighbour retaliation are just as severe and utterly bad politics at a time when global coordination is needed more than ever before.
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