As the IMF and World Bank annual meetings wrap up in virtual form in Washington this weekend, many of the most senior figures at the top — and in the research departments — of these institutions have been singing a new tune on fiscal policy
Long gone is the notion, supported by former UK chancellor George Osborne, that it was imperative to have a credible plan to reduce deficits in the public finances because that would give households the confidence to spend rather than save.
The question now is why has the thinking changed so radically.
FT 16 October 2020
Guldet, euron och budgetunderskottet
Englund blogg 16 October 2020
Räntan världen över är för låg och en större del av stimulanserna borde ske via finanspolitiken.
Englund blogg 5 december 2009