The drumbeat of pre-election giveaways continues at the state level in the form of loan waivers and from the national government. These steps may be effective politically but they risk eroding policymakers’ credibility as guardians of fiscal and financial stability.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services