IMF published this video item, entitled “Fiscal Stimulus: Lessons from the US to the EU?” – below is their description.
With the American Rescue Plan, the US government is putting in place a fiscal stimulus package worth 10% of GDP, to be followed by an equally large infrastructure package. In the EU, although the fiscal policy response has also been unprecedented, it is much smaller. Should the EU learn from the US? Does the COVID crisis require a large aggregate demand response? What can be achieved with such a policy approach? This session is organized as part of CEPS’ collaboration with the European Network for Economic and Fiscal Policy Research (EconPol) and Intereconomics – Review of European Economic Policy.
Speakers:
– Christian Breuer (moderator), Head of Wirtschaftsdienst and Intereconomics, Leibniz Information Centre for Economics
– Adam Posen, President, Peterson Institute for International Economics (PIIE)
– Antonia Díaz, Professor, Carlos III University of Madrid and EconPol
– Alfred Kammer, Director, European Department, International Monetary Fund (IMF)
– Claudia Sahm, Senior Fellow, Jain Family Institute
– Daniel Gros, Distinguished Fellow, CEPS
IMF YouTube Channel
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