This content is reserved for clients only. Login Now

Register now for a free trial to gain access to this piece and see how
you can benefit from an RGE subscription.


Front-Loaded Stimulus, Back-Loaded Austerity: The Optimal Fiscal Austerity Path and the Risks of Other Routes

By Nouriel Roubini


The fiscal stimulus implemented by numerous countries during the global recession was a significant factor in warding off further economic decline. However, the stimulus inevitably led to large fiscal deficits in most advanced economies and, in turn, to programs of severe fiscal consolidation.

The question is, how…

Please log in to read more

Register for a Free Trial