Italy’s debt: Is the bark worse than the bite?
By Céline Antonin The spectre of a sovereign debt crisis in Italy is rattling the euro zone. Since Matteo Salvini and Luigi di Maio came […]
fiscal stimulus
What is the value of the fiscal multipliers today?
By Xavier Timbeau We inherited higher public deficits and greatly increased public debts from the crisis (Table 1). Reducing these will require a major fiscal […]
Fiscal policy honoured
By Jérôme Creel “The size of many multipliers is large, particularly for spending and targeted transfers.” Who today would dare to write such a thing?