Is there room for expansionary fiscal policies?

Summary

Last week, the annual economic policy symposium was held in Jackson Hole. This year's theme was the challenges for monetary policy. Although fiscal policy was not the subject of debate, it cast a shadow over the event.

Key points

• Key points:
• This year's theme was the challenges for monetary policy.
• In the United States, as a result of the Trump administration's fiscal stimuli, the current trend of deficits and public debt is far from optimal.
• Even in Europe, the implementation of more expansionary fiscal policies is not exempt from issues. So, where does this leave Spain?

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