This Time it is Really Different: Major Industrialised Economies are Pulling Each Other Into the Abyss
March 28, 2009 at 16:11 PM EDT
This column introduces an index identifying how much shocks to industrial production in one country spill over to other countries. Since September 2008, the index has jumped higher than ever – countries are pulling each other down. It argues that this reinforces the case for global action and calls for coordinated policy actions by the [...]