Merler, Silvia, (2016), “Should we rethink fiscal policy?”, Bruegel, 24 Οκτωβρίου
What’s at stake: there has been quite some discussion recently on whether we should rethink the framework of fiscal policy in order to make it more appropriate and effective in a world where demand seems to be chronically anemic, inflation is low and the interest rates are likely to stay close to zero (if not negative) for a long time. According to some of the authors, in the Eurozone these concerns are particularly pressing.
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- Fatás, Antonio, Summers, Lawrence, (2016), “Hysteresis and fiscal policy during the Global Crisis”, VoxEu, 12 Οκτωβρίου
- Ubide, Ángel, (2016), “The case for an active fiscal policy”, VoxEU, 11 Οκτωβρίου