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 multiplier
From austerity to stagnation
By Xavier Timbeau Since 2010, the European Commission has published the Annual Growth Survey to stimulate discussion on the occasion of the European semester, during […]
Why France is right to abandon the 3% public déficit target by 2013
By Mathieu Plane Given the statements by the Minister of Economy and Finance, the government seems to have reached a decision to abandon the goal […]
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, […]
Revising the multipliers and revising the forecasts – From talk to action?
By Bruno Ducoudré Following on the heels of the IMF and the European Commission (EC), the OECD has also recently made a downward revision in […]