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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Bibliographic Details
Main Author: Stehn, Sven Jari
Other Authors: Leigh, Daniel
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/050
Online Access:Full text available on IMF