English Avoiding the Curse of the Second Period

OPINION

Avoiding the Curse of the Second Period

Indeed, Bank Indonesia still has little room to lower interest rates. However, this policy will not necessarily be effective in increasing growth. Why?

Oleh Muhamad Chatib Basri
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“We all know what to do, we just don’t know how to get re-elected after we’ve done it.” That is what Jean-Claude Juncker, the president of the European Commission, said. Those who explore policy issues know how true those words are. Juncker might be too cynical, but the description is [...]