Limiting the Fall-Out from Fiscal Adjustment

In response to the largest post-war recession, OECD governments have run up record peacetime budget deficits. While deficit spending was the appropriate response to an unprecedented crisis, correcting these imbalances is now a critical challenge for economic policymakers.  

>> Global Economics Paper: 195 - Limiting the Fall-Out from Fiscal Adjustment, April 14, 2010 [PDF, 450 KB]