- Countries with very large current account surpluses like Germany and the Netherlands save too much and invest too little, risky when growth slows.
- Add to that negative yields, budget surpluses, the impotence of monetary policy and the eurozone adjustment burden and the case for fiscal stimulus becomes extraordinarily compelling.
- Luckily enough, there are signs policymakers are waking up to this compelling logic.
The Big Fiscal Stimulus Coming From The EU
September 1st, 2019 · No Comments
Tags: Fiscal policy