Output effects of fiscal consolidations by Carlo Favero and Francesco Giavazzi (09/2012), published by VOXEU. “The austerity debate hangs on the question of how fiscal policy affects economic output – but answering that question is no easy task. This…
The Italian situation: Clarification and a prediction by Alberto Alesina and Francesco Giavazzi, published by VOXEU. “As Italy’s Prime Minister Silvio Berlusconi announces a new austerity bill based on tax rises, this column argues that the country’s leaders are…
“The European Commissions proposals: Empty and useless” by Francesco Giavazzi and Luigi Spaventa. The European Commission now recognises that fiscal discipline alone is not enough to ensure the stability of the euro. Yet this column argues that the new…
The stimulus debate and the golden rule of mountain climbing by Francesco Giavazzi on VoxEU.The global macroeconomy is at a juncture; some economists argue for continued fiscal stimulus to avoid a double dip recession while others argue for fiscal…
