Council of Councils
Think Global Health
Online Store
Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
Fiscal Stimulus
More on:
America, the world’s largest deficit country, is considering a fiscal stimulus of about $800 billion. China, the largest surplus country, has announced a stimulus of $586 billion, although the effect will likely be closer to $158 billion. We calculate that deficit countries are proposing stimulus packages worth 1.7% of world GDP, while surplus countries are offering packages of 0.7% of world GDP. This pattern risks exacerbating global imbalances.
Economist: Big Government Fights Back
Blanchard et al.: Fiscal Policy for the Crisis
IMF: Need for Global Fiscal Stimulus
Beattie: Call for Teamwork on Global Stimulus
More on: