If I am wrong in either exaggerating the risks of recession or understating the efficacy of policy, the costs of taking out
insurance against a recession that can not be met with monetary policy are relatively low.
Not exact matches
Why shouldn't they prefer a path with more demand, inflation at target sooner, more stimulus as
recession insurance, and a small margin of extra inflation as a buffer
against the next
recession?
And in part because that
recession hasn't hit yet, health care is still up in the air, and it makes sense to keep hedging
against sequence risk and health
insurance uncertainty.
WASHINGTON — In perhaps his most sober remarks about the economy this year, President Obama on Thursday described the weakening economy as «an emergency» and made the case for his jobs bill as «an
insurance policy
against a possible double - dip
recession.»