Unnoticed potential output revisions and their impact on the “stimulus/austerity debate”

Fiscal stance is this summer’s hot topic. This column highlights that significant revisions have been made to output estimates for the 2008-2011 period without being made clear and discussed in public, while the economic foundations for applying such revisions are questionable. The debate should take the impact of these revisions into account.

Read this article on Voxeu.org here.