Manic-depressive austerity: let’s talk about it!
By Christophe Blot, Jérôme Creel, and Xavier Timbeau Following discussions with our colleagues from the European Commission [1], we return to the causes of the […]
fiscal impulse
Spain: a lose-lose strategy
by Danielle Schweisguth At a time when the IMF has publicly recognized that it underestimated the negative impact of fiscal adjustment on Europe’s economic growth, […]
A review of the recent literature on fiscal multipliers: size matters!
By Eric Heyer Are the short-term fiscal multipliers being underestimated? Is there any justification for the belief that fiscal restraint can be used to drastically reduce […]