The allure and limits of monetised fiscal deficits

Nouriel Roubini | Roubini Macro Associates | 30 October 2019

A cloud of gloom hovered over the International Monetary Fund's (IMF) Annual Meeting in October 2019. With the global economy experiencing a synchronised slowdown, any number of tail risks could bring on an outright recession. Among other things, investors and economic policymakers must worry about a renewed escalation in the Sino-American trade and technology war. A military conflict between the United States (US) and Ira...