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Thursday, 3rd November 2011

Think Tank 20: Beyond Macroeconomic Policy Coordination Discussions in the G-20

Source: Brookings Institution

From the publication web page:

In 2009, the G-20 came together with a coherent package of macroeconomic measures to deal with the crisis. Today, the situation is quite different. First, in some countries, while a considerable amount of fiscal ammunition has been spent, the current slowdown in growth is shifting the balance of opinion against immediate fiscal consolidation. ... In the current environment, there is greater talk of the need to implement structural reforms to provide an impetus to growth and to link macroeconomic policies, especially fiscal policy, with strategies to address structural weaknesses and to restore long-term business and consumer confidence rather than to discuss macroeconomics purely in terms of short-term aggregate demand. Monetary and aggregate fiscal policy have reached their limits as countries have lost fiscal space and as the conundrum caused by the need for short-term support to the recovery, and the need for long-term consolidation remains unresolved. Therefore, it is the interaction between macroeconomic policy and structural reforms that is the topic of the essays in this volume.

+ Link to the full report (PDF; 797.57 KB)

+ Download the introduction and individual country-specific essays from the publication web page.



Peggy Garvin, of Garvin Information Consulting, is the author of United States Government Internet Directory (Bernan Press) and Real World Research Skills, 2009 (TheCapitol.Net). In her 20 years in the information business, Peggy has managed electronic information products and services in a variety of environments, including commercial publishing, e-commerce, law firms, and the Congressional Research Service of the Library of Congress. Peggy's work has been recognized with the 2011 SLA Dow Jones Leadership Award. She has a Masters of Library Science degree from Syracuse University School of Information Studies.

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