Adam Posen’s long war against lost decades and austerity

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A link from The New York Times

Adam Posen, an American economist, made his name in the nineties with a controversial set of policy proposals that helped drag Japan out of its lost decade—at least until the financial crisis hit. Then he was appointed to the board of the Bank of England, where he waged a one-man battle for looser monetary policy to pull the country out of a recession. An important look at the ideas underlying the great debate among central bankers today.