Fiscal Policy for the Crisis

Author/Editor: Spilimbergo, Antonio ; Symansky, Steven A. ; Blanchard, Olivier J. ; Cottarelli, Carlo
Publication Date: January 07, 2009
Electronic Access: Free Full text (PDF file size is 810KB).
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Summary: The current crisis calls for two main sets of policy measures. First, measures to repair the financial system. Second, measures to increase demand and restore confidence. While some of these 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.
Series: Staff Position Note No. 2008/01
Subject(s): Consumer goods | Consumption | Financial crisis | Fiscal policy | Fiscal sustainability | Government expenditures | Private sector | Public sector | Services sector | Stabilization measures

Publication Date: January 07, 2009
ISBN/ISSN: 978-1-58906-798-1 / 2072-3202 Format: A web quality merged PDF
Stock No: SPNTA2008001 Pages: 37
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