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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Библиографические подробности
Главный автор: Stehn, Sven Jari
Другие авторы: Leigh, Daniel
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2009.
Серии:IMF Working Papers; Working Paper ; No. 2009/050
Online-ссылка:Full text available on IMF