from Geo-Graphics

Fiscal Stimulus

February 10, 2009

Blog Post
Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions.

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Budget, Debt, and Deficits

America, the world’s largest deficit country, is considering a fiscal stimulus of about $800 billion. China, the largest surplus country, has announced a stimulus of $586 billion, although the effect will likely be closer to $158 billion. We calculate that deficit countries are proposing stimulus packages worth 1.7% of world GDP, while surplus countries are offering packages of 0.7% of world GDP. This pattern risks exacerbating global imbalances.

Economist: Big Government Fights Back

Blanchard et al.: Fiscal Policy for the Crisis

IMF: Need for Global Fiscal Stimulus

Beattie: Call for Teamwork on Global Stimulus

Wolf: Global Imbalances

More on:

Budget, Debt, and Deficits