A Strategy for Renormalizing Fiscal and Monetary Policies in Advanced Economies /

In response to the worst economic crisis since the 1930s, government budgets and central banks have provided substantial support for aggregate demand and for the financial sector. In the process, fiscal balances have deteriorated, government liabilities and central bank balance sheets have been expa...

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Bibliographic Details
Main Author: Cottarelli, Carlo
Other Authors: Vinals, Jose
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Staff Position Notes; Staff Position Note ; No. 2009/022
Online Access:Full text available on IMF