Spain's Fiscal Policy Shift Sparks Hope for Sustainable Economic Recovery
The article discusses how fiscal policies in Spain have changed since the financial crisis. Before the crisis, there was a focus on avoiding fiscal deficits, but now there is support for active counter-cyclical fiscal policies. This means using government spending to help the economy during downturns. The research shows that austerity policies aiming to reduce deficits quickly can cause problems. In the future, Spain should consider using fiscal policies to support economic growth and stability.