vrijdag 23 juli 2010

The “stimulus debate” and the golden rule of mountain climbing

The global macroeconomy is at a juncture; some economists argue for continued fiscal stimulus to avoid a double dip recession while others argue for fiscal prudence. In this column, one of the world's leading macroeconomists argues for continued stimulus combined with a plan to ensure long-run sustainability by reforming the funding of pension liabilities. Read Francesco Giavazzi's piece for VOX here.

Geen opmerkingen:

Een reactie posten