Buti, Marco, Gaspar, Vitor, (2015), “Designing fiscal policy for steady, enduring growth”, Voxeu, 10 Δεκεμβρίου Designing fiscal policy for today’s complex and uncertain economic climate is a problem that perplexes governments worldwide. This column proposes a solution – a new fiscal architecture with strengthened but budget-neutral automatic stabilisers. It won’t be easy, but overcoming predominantly political challenges will help foster steady and enduring growth. Σχετικές Αναρτήσεις Rannenberg, Ansgar, Schoder, Christian, Strasky, Jan, (2015), “The macroeconomic effects …Read More

Frankel, Jeffrey, (2015), “International macroeconomic policy coordination”, Voxeu, 9 Δεκεμβρίου. Calls for coordination of macroeconomic policy have made a comeback since the Global Crisis. This column reviews this return of international policy coordination, both in terms of fiscal and monetary policy. It discusses recent developments and considerations in fiscal and monetary policy games, and cautions that most but not all calls for coordination are useful. Σχετικές Αναρτήσεις Goodhart, Α.Ε. C. & Erfurth, …Read More

A.G. van Bergeijk, Peter, (2015), “We are shrinking! The neglected drop in Gross Planet Product”, Voxeu, 7 Δεκεμβρίου The analysis and forecasts of the IMF are well covered in the press. This column deals with a less noted development in the data provided by the IMF, namely the nominal decrease in Gross Planet Product. Since the IMF forecast both positive growth and positive inflation, the nominal shrinkage of GPP puts into …Read More