The Case for Global Fiscal Stimulus /

This paper presents simulations with a multicountry structural model to show that worldwide expansionary fiscal policy combined with accommodative monetary policy can have significant multiplier effects on the world economy. It also provides a framework for assessing the effects of fiscal actions ne...

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Hlavní autor: Lee, Jaewoo
Další autoři: Freedman, Charles, Kumhof, Michael, Laxton, Douglas
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2009.
Edice:IMF Staff Position Notes; Staff Position Note ; No. 2009/003
On-line přístup:Full text available on IMF