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Policy Paper

Exit Strategies: How Soon? How Fast? How to Coordinate?

March 22, 2010

Jean Pisani-Ferry

Jakob von Weizsaecker

As the global economy returns to growth, countries need to plan for an exit from the emergency measures taken during the crisis. The question is: How soon? How fast? And how to coordinate? Authors Jean Pisany-Ferry and Jakob von Weizsaecker argue that budget consolidation should start in 2011 and that central banks should not prematurely tighten monetary policy.

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