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> Other countries are able to execute proper fiscal policy without complex central banking paradigms or measures. Which countries?
by NTDF9 7y ago
> Other countries are able to execute proper fiscal policy without complex central banking paradigms or measures.
Which countries?
- aleph_naught 7y agoHistorically we've had the opposite problem. Countries tend to move toward austerity at the wrong moment in time, due to political pressures or pressure from debtors. (Though this is much more difficult to navigate when the country's debt is denominated in a foreign currency e.g. Japan with 200%+ debt to gdp which is having a hard time meeting inflation targets vs Argentina). Even today, the European Central Bank is signaling that it has effectively done all it can do (without permanently harming the banking sector with negative rates), and that it is time to open the doors to fiscal stimulus; but, Germany, which is going through a manufacturing recession, is loath to update their constitution to facilitate fiscal stimulus.
- jorblumesea 7y agoAll of Scandinavia, most of Northern Europe, Australia, parts of Asia, Canada.