A Quote by Michael Spence

A global economy that is levering up, while unable to generate enough aggregate demand to achieve potential growth, is on a risky path.

Michael Spence

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Achieve Aggregate Demand Economy Enough Generate Global Global Economy Growth Path Potential Risky Unable Up While

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Michael Spence
American - Economist
Born: November 7, 1943

Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain crushing, and Europe's economy remains unable to grow.

Barry Eichengreen

If there is genuine potential for growth, build capacity in advance of demand, as a strategy for creating demand. Hold the vision, especially as regards assessing key performance and evaluating whether capacity to meet potential demand is adequate.

Peter Senge

If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth.

Martin Feldstein

The role of G-20 is to support the global economy to achieve strong, sustainable and balanced growth.

Lee Myung-bak

In a globally integrated economy, the biggest challenge is to make sure there is adequate global aggregate demand, achieved through spending, when countries like China feel they must save high levels of dollar reserves to protect against international currency volatility.

Joseph Stiglitz

Coming to the growth potential in financial services, there is enough data to show that, usually, financial services grow about twice or two and a half times of what the economy, the GDP growth rates.

Ajay Piramal

Broadly speaking, Keynesianism means that the government has a specific responsibility for the behavior of the economy, that it doesn't work on its own autonomous course, but the government, when there's a recession, compensates by employment, by expansion of purchasing power, and in boom times corrects by being a restraining force. But it controls the great flow of demand into the economy, what since Keynesian times has been the flow of aggregate demand. That was the basic idea of Keynes so far as one can put it in a couple of sentences.

John Kenneth Galbraith

Predictably, open markets made it possible for countries to drive rapid growth by hitching their wagon to the world economy and using global demand to pull people and resources out of subsistence activities into more productive work.

Arancha Gonzalez

Together, we could open up government and invite citizens in, while connecting all of America to 21st century broadband. We could use technology to help achieve universal health care, to reach for a clean energy future, and to ensure that young Americans can compete - and win - in the global economy.

Barack Obama

Over the longer run, advanced economy policy actions that strengthen global growth and global trade will benefit the EMEs as well.

Jerome Powell

We have to make sure America writes the rules of the global economy, and we should do it today while our economy is in the position of global strength, because if we don't write the rules for trade around the world, guess what: China will.

Barack Obama

The key to a resilient global recovery, where growth in each country advances growth in every country, is action directed at supporting demand at home.

Lael Brainard

The Asian nation's oil demand is expected to grow this year by 800,000 barrels per day and represents more than one-third of the total growth in global demand, according to the Energy Information Agency.

Gary Miller

The United Nations has an irreplaceable role in dealing with global issues. While other international bodies play important roles, the U.N. is the only truly global arena where we can achieve results for the global good.

Miroslav Lajcak

The economy has settled into a sustainable, self-reinforcing growth path, .. All major categories of the economy have contributed to economic growth. Now that businesses have begun to add to payrolls, the current expansion is self-reinforcing. Only external shocks, such as terrorist attacks or a surge in oil prices, could derail the recovery.

Sung Won Sohn

Research suggests that large divisions of income and wealth weaken demand and generate economic imbalances that create instability and undermine growth.

Victor Ponta

A Quote by Michael Spence

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