Restoring Confidence Is Key to Economic Recovery

Editor’s Note: Following the International Monetary Fund’s release of an updated global growth forecast, the Economist.com featured the IMF’s chief economist, Oliver Blanchard, as he commented in their Economics focus column. This “Blanchard roundtable“, a weeks worth of commentary by correspondents and outside experts, featured a response by Brookings scholar Eswar Prasad. Prasad argues that improving the public perception of the market holds similar importance to enacting new fiscal policy.

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