Francesco Giavazzi
Francesco Giavazzi is Professor of Economics at Bocconi University and author (with Alberto Alesina) of "The Future of Europe: Reform or Decline".
The “Stimulus Debate” and the Golden Rule of Mountain Climbing
The global macroeconomy is at a juncture; some economists argue for continued fiscal stimulus to avoid a double dip recession while others argue for fiscal prudence. In this column, one of the world’s leading macroeconomists argues for continued stimulus combined with a plan to ensure long-run sustainability by reforming the funding of pension liabilities. The [...]
