Macroeconomic Management When Policy Space is Constrained : A Comprehensive, Consistent and Coordinated Approach to Economic Policy /

The recovery in GDP growth since the global financial crisis has been halting and weak. Concern is widespread that countercyclical policies have run out of space or lack the power to raise growth or deal with the next negative shock. This note argues that room exists for effective policies and that...

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Bibliographic Details
Main Author: Gaspar, Vitor
Other Authors: Laxton, Douglas, Obstfeld, Maurice, Sahay, Ratna
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016.
Series:Staff Discussion Notes; Staff Discussion Notes ; No. 2016/009
Online Access:Full text available on IMF