Mohamed El-Erian on the Current Economic Environment (April 30)

Here's a link to a recent interview (April 30) with Mohamed El-Erian, chief economist for Allianz, in which he provides insight into the current economic environment along with policy responses.  His main points include:

• the severity of the current downturn
• concerns about the long-term effects of current monetary policy, while thinking that it is the best option available
• the need to implement policies that are more likely to result in inclusive, sustained long-run growth as opposed to just reacting to the current crisis