Daily Archives: November 24, 2009

Ingram Pinn illustration

Financial crises have devastating impacts on the public finances. The impact is also most severe where the pre-crisis excesses were greatest. Among members of the Group of Seven leading high-income countries, this means the bubble-infected US and UK. The question both countries confront is how soon and how far to tighten. Tightening will have to be substantial. But premature action could be a devastating error. Read more

From the FT:
Goldman Sachs: the case for the defence – William Cohan
Europe needs action, not quiet consensus – Peter Mandelson

From elsewhere:
Elections in developing countries: do they improve economic policy? – VoxEU
Creating new jobs rather than sharing old ones Peterson Institute