Forget the New Normal. A VoxEU column

Normality suggests that the crisis is behind us, that we again understand what’s happening, and that we can make predictions. It invites little sense of urgency to make radical policy adjustments. It tempts us into thinking policy ‘normalisation’ may be around the corner. But there are several reasons why the term ‘abnormal’ could more readily be applied. I revisit the “New Abnormal” in a column entitled “The New Normal That Never Was”. You can read it in full here.

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