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.
Filed under: Advanced Economies, Asia, Economic research, Emerging Markets, Financial Crisis, Fiscal Stimulus, growth, International Monetary Fund | Tagged: advanced economies, budgets, China, Europe, fiscal policy, G-20, G-7, Japan, taxation, U.S. Congress, United States, Value-Added Tax | 17 Comments »
