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If Gilles Moëc does not always shine by his optimism, for this last podcast of the season he dares a duet with Mr Blue Sky (ELO). Believe it or not, there is talk of a "forward guidance" that could provide economic agents with an explicit – albeit flexible – sequence for the fiscal stance across the next three to five years, leading to a solid and sustainable recovery.

Credits

Olivier Blanchard's paper from January 2013 : https://www.imf.org/external/pubs/ft/wp/2013/wp1301.pdf

"Mr Blue Sky", ELO

Macrocasta Newsletter : https://www.axa-im.com/content/-/asset_publisher/alpeXKk1gk2N/content/macrocast-fiscal-forward-guidance-needed/23818

Recorded on July 13th, produced by Axa

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#16 - Fiscal Forward Guidance Needed