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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Dettagli Bibliografici
Autore principale: Stehn, Sven Jari
Altri autori: Leigh, Daniel
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2009.
Serie:IMF Working Papers; Working Paper ; No. 2009/050
Accesso online:Full text available on IMF