Reassessing the Role and Modalities of Fiscal Policy in Advanced Economies.

This paper investigates how developments during and after the 2008-09 crisis have changed economists' and policymakers' views on: (i) fiscal risks and fiscal sustainability; (ii) the effectiveness of fiscal policy as a countercyclical tool; (iii) the appropriate design of fiscal adjustment...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:Policy Papers; Policy Paper ; No. 2013/056
Online Access:Full text available on IMF
Description
Summary:This paper investigates how developments during and after the 2008-09 crisis have changed economists' and policymakers' views on: (i) fiscal risks and fiscal sustainability; (ii) the effectiveness of fiscal policy as a countercyclical tool; (iii) the appropriate design of fiscal adjustment programs; and (iv) the role of fiscal institutions.
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Physical Description:1 online resource (64 pages)
Format:Mode of access: Internet
ISSN:2663-3493
Access:Electronic access restricted to authorized BRAC University faculty, staff and students