A Strategy for Renormalizing Fiscal and Monetary Policies in Advanced Economies
Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
| Author: | Carlo Mr. Cottarelli, José Vinãls | ISBN: | 9781452797748 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | September 22, 2009 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Carlo Mr. Cottarelli, José Vinãls |
| ISBN: | 9781452797748 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | September 22, 2009 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
In response to the worst economic crisis since the 1930s, government budgets and central banks have provided substantial support for aggregate demand and for the financial sector. In the process, fiscal balances have deteriorated, government liabilities and central bank balance sheets have been expanded, and risks of future losses for the public sector have increased.
In response to the worst economic crisis since the 1930s, government budgets and central banks have provided substantial support for aggregate demand and for the financial sector. In the process, fiscal balances have deteriorated, government liabilities and central bank balance sheets have been expanded, and risks of future losses for the public sector have increased.
