Don’t let the euro-area crisis go east
Bénassy-Quéré, Agnès, He Fan, Kawai, Masahiro, Tae Joon Kim, Yung Chul Park, Pisani-Ferry, Jean, Vines, David & Yongding Yu. On Thursday 2 February Chinese premier Wen Jiabao signalled intention to move towards helping the euro area extricate from its trouble and declared that China was “investigating and evaluating concrete ways in which it can, via the […]
Fiscal adjustment: Too much of a good thing?
Cottarelli, Carlo. Almost everyone agrees that the fiscal accounts of several advanced economies are in a pretty bad shape and need to be strengthened. But how rapid should the adjustment be in the present circumstances? At times over the last couple of years the IMF called on countries to step up the pace of adjustment […]