Posts tagged 'Fiscal Multiplier'

Meanwhile, in Greece…

Dromeus Capital. The name might ring a bell. It’s the fund which did its homework on underpriced Greek assets last year, making a killing.

Pretty striking, then, that they’ve now gone cautious on Greece. Read more

He isn’t the Prime Minister, he’s a very naughty economist

(This is getting to be a genre.)

Robert Chote, head of the Office for Budget Responsibility – the UK’s independent fiscal watchdog – writes to David Cameron about this speech… Read more

Fiscal multipliers and growth guesstimates

Forecasts for the European Union covering 2012-2014 were out on Wednesday. FT Alphaville thinks the EC may be onto an important trend:

The distress in more vulnerable Member States has progressively started to affect the remainder of the Union.

 Read more

The IMF game changer

Christine Lagarde has urged countries to put a brake on austerity measures amid signs that the IMF is becoming increasingly concerned about the impact of government cutbacks on growth. Ms Lagarde, IMF managing director, cautioned against countries front-loading spending cuts and tax increases. “It’s sometimes better to have a bit more time,” she said at the annual meetings of the IMF and the World Bank on Thursday.

The fund warned earlier this week that governments around the world had systematically underestimated the damage done to growth by austerity. Read more