RG

IN CONTEXT

FOCUS

Global economy

KEY THINKER

Ben Bernanke (1953–)

BEFORE

2000 US economists Maurice Obstfeld and Kenneth Rogoff raise concerns about the large US trade deficit.

2008 British historian Niall Ferguson describes a world of crisis because of overuse of credit.

AFTER

2009 US economist John B. Taylor argues against the existence of a savings glut.

2011 Economists Claudio Borio of Italy and Piti Disyatat of Thailand argue that it is wrong to think that global imbalances in savings triggered the financial crisis.

In February, 2012, 111 million Americans watched the Superbowl on television. At halftime an advertisement for Chrysler cars was shown. ...

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