Swiss Economicblogs.org
As the emphasis moves away from monetary initiatives, euro area GDP should benefit from a shift in fiscal policy going back to before the US elections.There has been growing evidence of a shift in the policy mix of various developed economies, from monetary to fiscal. In the euro area, we have likely entered a new cycle where the combination of austerity fatigue and greater flexibility on spending rules leads to more sustained fiscal support, however sub-optimal and uneven across countriesIn...
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