We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Tied in fiscal knots

9 October 2012 By Ian Campbell

The International Monetary Fund is fretting about big “fiscal multipliers” – how much GDP moves on government spending or cutting. On that basis, austerity is always bad. But the science is imprecise and countries facing spiralling debt must make savings. Growth will come later.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)