Fiscal and Monetary Policy During Downturns : Evidence From the G7

Evidence From the G7

Fiscal and Monetary Policy During Downturns : Evidence From the G7
This paper analyzes how fiscal and monetary policy typically respond during downturns in G7 countries. It evaluates whether discretionary fiscal responses to downturns are timely and temporary, and compares the response of fiscal policy to that of monetary policy. The results suggest that while responding more weakly and less quickly than... READ MORE...

Publication date: March 2009
ISBN 9781451871982
$18.00

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