Keyword:fiscal devaluation

Blogpost Titelbild: a route to growth xtock / Shutterstock Images

Impulse #2015/04: Fiscal Devaluation – a Route to More Growth?


The global economy faces a number of economic challenges: Economic growth in most industrialized nations is slowing, the crisis-hit countries of Southern Europe are suffering the effects of low competiveness and, even in some G7 countries, sovereign debt has reached levels in excess of 100 percent of gross domestic product. This paper looks at the method of fiscal devaluation as a way to boost economic growth without increasing government debt. More ...

Blogpost Titelbild: a route to growth xtock / Shutterstock Images

Should G7 Contemplate Fiscal Devaluation as a Route to More Growth?


On June 7th and 8th the heads of state and governments of the seven most important industrialised countries will meet for the G7 summit at Schloss Elmau. One question that will be addressed is how to increase economic growth and employment. To tackle this task, G7 states will have to overcome several severe challenges. This blogpost aims to shed light on one possible solution to those challenges: fiscal devaluation. More ...