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 resp...

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Hlavní autor: Stehn, Sven Jari
Další autoři: Leigh, Daniel
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2009.
Edice:IMF Working Papers; Working Paper ; No. 2009/050
On-line přístup:Full text available on IMF