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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs

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Bullard: No need for international monetary policy coordination

WASHINGTON (MarketWatch)
St. Louis Fed President James Bullard said he's of the view that the so-called "taper tantrum" that rocked emerging market in the summer of 2013 represented "global macroeconomic equilibrium in action" and doesn't argue for better coordination of international monetary policy
Whether the U.S. is following the Taylor principle or not hinges on what one thinks about unconventional monetary policy," Bullard said at the 27th Asia/Pacific Business Outlook Conference in Los Angeles
"If unconventional U.S. monetary policy is effective, the traditional view is more nearly correct and the gains from international policy coordination would be small
If unconventional policy is ineffective, the alternative view is more nearly correct and the global gains from the U.S. shifting to a better policy may be large," he explained                   
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