Here is my recent paper on the topic.
It was quite interesting to do this research. What an irony for US really. It has this unusual position of getting rid of its fiscal deficits thanks to the cliff. But will not really benefit from the fall as this fiscal cliff is unlikely to materialize.
Read the paper for further details..
July 12, 2012 at 9:13 pm |
Slightly off-topic but looking closer home. I thought you might like this interpretation of the economic boom and bust in India:
http://www.thehindu.com/opinion/lead/article3621241.ece