Three Key Policy Areas That Will Affect the Global Economy In 2014

2014 will be another year in which it is manifest that government decisions are critically important for economies and markets around the globe. There was a period of a decade or more leading up to the financial crisis in which markets stopped focusing so much on governments, because the business cycle was apparently permanently muted by wise central bank policies and the governments of most leading economies were pursuing increasingly laissez faire policies that involved minimal intervention in the economy. The global financial crisis returned us, with a vengeance, to...