Some modest further increase in the policy interest rate would be required to keep aggregate supply and demand in balance and inflation on target.
More Quotes from David Dodge:
Such a slowdown in growth, in turn, raises the risk that policy-makers might resort to protectionism. In that event, a period of very slow growth could, perhaps, be punctuated by periods of outright recession.David Dodge
While there is no question that the sponsor is responsible for any deficit in the plan, it is not at all clear that the sponsor benefits from any surplus that may be generated.
David Dodge
And for countries with a fixed exchange rate, this means that authorities need to run appropriate policies in order for the fixed exchange rate to be sustainable.
David Dodge
for all residual risks to the pension plan both outcomes that lead to deficits and outcomes that lead to surpluses.
David Dodge
It's the fiscal balance of all levels of government combined that are really important.
David Dodge
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