4 Sovereign doubts 主权债务疑云.docVIP

[金融危机五周年系列之四]Sovereign doubts 主权债务疑云 Stimulus v austerity Sovereign doubts 刺激与紧缩之争主权债务疑云 The fourth in our series of articles on the financial crisis looks at the surge in public debt it prompted, and the debate about how quickly governments should cut back 本篇探讨了以下两个问题：一，因金融危机而引发的公共债务飙升 二，有关“政府应当如何快速消减债务”的争论。 ??1 ECONOMISTS are an argumentative bunch. Yet before the crisis most found common ground in the notion that fiscal stimulus was an obsolete relic. Monetary policy seemed wholly capable of taming the business cycle. Government efforts to i