Fiscal Spillovers (Ivanova and Weber)

Do fiscal spillovers matter for the recovery? by Anna Ivanova and Sebastian Weber, published by VOXEU. “As governments continue their planned spending cuts, this column argues that the short-term effects on growth could be large. But based on its projections for 20 large economies, it says that the international spillovers are likely to be limitedd – except perhaps for small, open economies.”