Wall Street Journal Analysis 2
Institution of Affiliation
Ip, G. (2016, September 14). Fiscal Policy Makes a Quiet Turn Toward Stimulus. Retrieved from https://www.wsj.com/articles/fiscal-policy-makes-a-quiet-turn-toward-stimulus-1473870699?mod=e2fbEXPANSIONARY FISCAL POLICY
The author, Greg Ip, expresses concern over the effectiveness of budgetary policies in stimulating the economy after the 2008 financial recession. Furthermore, the article notes that the shift in political ideologies to populism has influenced fiscal policies in developed countries. Greg bases his argument on the current political climate facing the developed world, ranging from Brexit to United States` election promises. Additionally, Greg identifies the role of the central banks in influencing economic growth through various fiscal policies. After the financial crisis in 2008, most of the governments in developed countries resulted to expansionary fiscal policies to boost the economy. By spending...