Specifically, their identification of two main problems of that period —
overly tight monetary policy and allowing the collapse of the banking system — were instructive in the current environment.
Arguably, this excess optimism has led to
an overly tight monetary policy, potentially inhibiting the creation of millions of new jobs.
Not exact matches
The economy is poised for a bumpy ride in 2020, and if enough
policy mistakes pile up —
overly restrictive fiscal
policy and excessively
tight monetary policy — this could certainly create sufficient downdrafts to create a recession, or at the very least, a growth recession.