Should the fiscal authorities in advanced economies restrain or sustain ?

There is much debate among policymakers and economists about the timing a desir- ability of an early reduction in current large government deficits. One the one hand, many believe that an early fiscal tightening is inappropriate given the fragile nature of the global economic recovery. On the other hand, other believe that fiscal imbal- ances are so large that failure to tackle them now risks triggering another financial crisis. In this month

1001BCA oct 2010_3.pdf

1001BCA oct 2010_3