Ten Commandments for Fiscal Adjustment in Advanced Economies

2017-04-15T14:36:39-04:00June 24, 2010|

We offer ten commandments so that fiscal strategies can be designed to make them consistent with both short-term and long-term growth requirements. Put simply, what advanced countries need is clarity of intent, an appropriate calibration of fiscal targets, and adequate structural reforms. With a little help from monetary policy, and from their (emerging market) friends.