Olivier Blanchard (@ojblanchard1) 's Twitter Profile
Olivier Blanchard

@ojblanchard1

Robert Solow Professor of economics emeritus, MIT
Senior Fellow, Peterson Institute for International Economics

ID: 4216847717

linkhttps://www.piie.com/experts/senior-research-staff/olivier-blanchard calendar_today18-11-2015 09:25:50

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Olivier Blanchard (@ojblanchard1) 's Twitter Profile Photo
Olivier Blanchard
@ojblanchard1

2 years ago

Let's be clear. The German "non paper" proposal for the reform of EU fiscal rules, requiring in particular a decline of 0.5% in the debt to GDP (1% for high debt countries) ratio each year would be catastrophic. It would lead to the worst form of pro-cyclical fiscal policy.