In 2008, a rapid shift of opinion took place among many prominent economists in favour of Keynesian stimulus, and, from October onward, policy makers began announcing major stimulus packages, in hopes of heading off the possibility of a global depression.
A rapid shift of opinion took place among many prominent economists in favour of Keynesian stimulus. This was in 2008. Policy makers began announcing major stimulus packages. This was in hopes of heading off the possibility of a global depression. This was in 2008.