Fiscal Policy for the Crisis
Policy Papers, December 29, 2008
Source details
- Canonical URL
- Fiscal Policy for the Crisis
Other formats
Bibliographic details
- Published: December 29, 2008
- Series: Policy Papers
- Stock No: ISBN
Summary
- The current crisis calls for two main sets of policy measures:
- Measures to repair the financial system.
- Measures to increase demand and restore confidence.
- While some measures overlap, the focus of this note is on the second set of policies, and more specifically, given the limited room for monetary policy, on fiscal policy.
Findings and emphasis
- Primary policy emphasis: fiscal policy to increase demand and restore confidence when monetary policy has limited room.
- Secondary but necessary policy area: repair of the financial system (acknowledged as distinct but overlapping).
Policy themes and subject coverage
- Corporate taxes
- Financial crisis
- Financial systems
- Fiscal policy
- Fiscal sustainability
- Government expenditures
- Tax reductions
Content in this bundle
- _spn0801 — Executive Summary