Fiscal Closing Time?
Economists may not be able to pinpoint the precise economic impact of fiscal retrenchment. But, by improving their methods and collecting new data, they can tell us with much greater accuracy than ever before when and how consolidation should be carried out.
https://prosyn.org/CbVKgGw
BRUSSELS – Is it time for fiscal consolidation or stimulus? Should governments cut or increase spending? Once again the issue is a matter of dispute among policymakers and economists. Citizens, having been told in 2008-2009 that the imperative was to stimulate the economy, and in 2010-2011 that the time had come for retrenchment, are understandably confused. Should priorities once again be reversed?