Seeing Our Way Through The Crisis: Why We Need Fiscal Transparency
Cottarelli, Carlo. Without good fiscal information, governments can’t understand the fiscal risks they face or make good budget decisions. And unless that information is made public, citizens and their legislatures can’t hold governments accountable for those decisions. Πηγή: iMFdirect πλήρες κείμενο
Self-defeating austerity?
Holland, Dawn, Portes, Jonathan. EU governments have individually embraced severe austerity programmes in an effort to avoid becoming the next Portugal. This column presents results from the National Institute Global Econometric Model suggesting that the individually rationale polices are leading to collective folly. Keynes’ ‘paradox of thrift’ is in full swing since EU nations continue to […]