Effective Fiscal-Monetary Interactions in Severe Recessions /

The COVID-19 pandemic and the subsequent need for policy support have called the traditional separation between fiscal and monetary policies into question. Based on simulations of an open economy DSGE model calibrated to emerging and advance economies and case study evidence, the analysis shows when...

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Bibliographic Details
Main Author: Chen, Jiaqian
Other Authors: Espinoza, Raphael, Goncalves, Carlos, Gudmundsson, Tryggvi
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2022.
Series:IMF Working Papers; Working Paper ; No. 2022/170
Subjects:
Online Access:Full text available on IMF