Imagine you are a columnist or have been contracted to write an opinion piece, for a quality publication such as The Economist or The Financial Times or Fortune. You have been asked to express your view of policy reactions to the current world recession aInstructions:Deal with the following issuesIndicate the relevance of the dispute between Keynes and?orthodoxy? to the current policy debate.What is the relevance of the multiplier?What problems may there be in applying a Keynesian stimulus to ease the strain of the recession.What problems are there in seeking to deal with government debt by austerity in the midst of recessionWhat signs are there that policies of either austerity or stimulus are working?
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