COVID-19: Why a fiscal stimulus won’t work for every country

Old-age dependency ratios have been rising across the world for several decades. Image: REUTERS/Kim Kyung-Hoon (JAPAN BUSINESS) - GM1E5421BMT01

Hiroaki Miyamoto

Professor of Economics and Business Administration , Tokyo Metropolitan University

Jiro Honda

Deputy division chief, IMF’s Fiscal Affairs Department

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Fiscal stimulus and output growth. Image: IMF

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