Economic Imbalances Quotes

Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy.

There have been major disagreements within the European Union.

The roots of the crisis in East Asia were in private sector decisions. The biggest problems were the misallocation of investment, most notably to speculative real estate, and risky financing, especially borrowing short-term debt on international markets.

Two decisions have damaged the stability both of the euro and of Europe: the premature admission of Greece to the euro area and the breach and subsequent weakening of the stability and growth pact.

Prolonged inflation never 'stimulates' the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment.

In order to address world economic imbalances, countries around the world should make joint efforts to adjust their economic structure.

Monetary policy itself cannot sensibly be directed at reducing imbalances.

This goes back to the main challenge we are facing, because Europe at the moment is not competitive. We have many imbalances and my big worry is that we will slow down in Europe in terms of fiscal consolidations and reforms, whilst we have to step up.

Structuralism argues that a liberal capitalist world economy tends to preserve or actually increase inequalities between developed and less developed economies.

An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn't describe today's economy.