Giavazzi, Francesco, Tabellini, Guido.
The stagnating Eurozone economy requires policy action. This column argues that EZ leaders should agree a coordinated 5% tax cut, extension of budget deficit targets by 3 or 4 years, and issuance of long-term public debt to be purchased by the ECB without sterilisation.
Πηγή: Voxeu
NICHOLAS MULDER Governments are taking over private enterprises and resources at the fastest pace in 50 years. Based on the past century’s multiple waves of
Bernhard Bartels, Barry Eichengreen, Julian Schumacher, Beatrice Weder di Mauro The fiscal dominance view holds that politically captured central banks are more likely to be
