President, Peterson Institute for International Economics (PIIE)
All Sessions by Adam Posen
The Economic Recovery
Fiscal stimulus: lessons from the US to the EU?
3:30 PM - 5:00 PM
With the American Rescue Plan, the US government is putting in place a fiscal stimulus package worth 10% of GDP, to be followed by an equally large infrastructure package. In the EU, although the fiscal policy response has also been unprecedented, it is much smaller. Should the EU learn from the US? Does the Covid crisis require a large aggregate demand response? What can be achieved with such a policy approach?
This session is organised as part of CEPS’ collaboration with the European Network for Economic and Fiscal Policy Research (EconPol) and Intereconomics – Review of European Economic Policy.