Fiscal Policy: Should Central Banks be More Aggressive?
Group of Seven nations could spur more growth through structural reforms, including looser labor rules, Canadian Finance Minister Bill Morneau said. Morneau, whose government also champions greater fiscal spending by those nations that can afford it, said labor-market problems are less pronounced in Canada than some other countries. G-7 nations have different circumstances that will change their approach, he said. Canada favors expanded fiscal measures out of a recognition monetary policy is growing ineffective, Morneau said, though he stopped short of criticizing unconventional monetary policy employed by Japan. Aon Hewitt Head of Asset Allocation Tapan Datta discusses with "On the Move" hosts Guy Johnson in London and Matt Miller in Berlin.
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