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Fiscal Policy Should Return to Fundamentals (Rogoff)

Fiscal Policy Should Return to Fundamentals by Kenneth Rogoff published by Project Syndicate (8/2022).

The longstanding argument that go-go Keynesian fiscal stimulus is the answer to every imaginable economic shock has been exposed as bankrupt. Nevertheless, readjustment of both monetary and fiscal policy needs to take place gradually if we are to avoid an epic recession.

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