More Public Investment is Sensible and Necessary (tags)
Low-interest rates should create possibilities for expansive budgetary policy. Public investments in the infrastructure and education could benefit future generations by helping raise long-term prosperity and well-being. The one-sided narrowing of budgetary possibilities is excessive
Austerity Policy as Momentous Mistake (tags)
The IMF's austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment and did not reach its goal of permanently calming the financial markets. Public investments could raise economic growth.
Austerity Policy as Momentous Mistake (tags)
The IMF's austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment... Public investments could raise economic growth both in the short- and long-term.