This is supported by both basic macroeconomic theory and recent experience.

FORBES: Bill Gross & Jeff Gundlach Make Bold Calls Based On Monetary Policy

He has published over 70 theoretical empirical and policy papers on international macroeconomic issues and co-authored the books Political Cycles: Theory and Evidence and Bailouts or Bail-ins?

FORBES: Next Week's Guest: Nouriel Roubini