Michael Mussa
Michael Mussa
Michael Louis Mussawas an American economist and academic. He was chief economist at the International Monetary Fund from 1991 to 2001, and was a member of the Council of Economic Advisers from 1986 to 1988. He was also a Senior Fellow at the Peterson Institute for International Economics from 2001 until his death in 2012...
adding greater investors policy risk
We have a policy that is adding to, adding to, the systemic risk by subsidizing investors to take greater risks.
barrel growth impact inflation oil prices stay throughout
If oil prices were to stay at $35 a barrel throughout 2001 or if they were to escalate to $40 a barrel or over, then the impact on inflation and world growth would be more significant,
until wait
They don't need to do it tomorrow, but they can't wait until the end of the year,
euro low markets pushed relative somewhat
The markets have pushed the euro somewhat too low relative to fundamentals.
countries fact financing good looked positive time
This is more good than bad. The fact that these countries don't need IMF financing at this time should be looked at as a positive sign.
damaging further stage understanding
There has to be an understanding that further strengthening of the yen at this stage could be damaging to Japan's economy,
bit bottom clear evidence information occurred point turning
We do not yet see clear evidence that we have got a turning point in Japan, ... We need a little bit more information that the bottom has occurred