Fiscal policy (Photo credit: Wikipedia)

This is a MUST READ article from Gavyn Davies, in his FT blog on macroeconomics. Check it out!

via UK productivity the key puzzle for Carney | Gavyn Davies – FT.

As usual, Gavyn Davies provides both sides of the argument and lots of hard data.

Personally, in the absence of a radical change in fiscal policy, I think that Carney must go for the shock treatment.

Any thoughts?

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