Flawed Fiscal and Stimulus Plans: A World Beyond ECB

Muhammad Ali Nasir

Chapter Chapter 4 in Off the Target, 2022, pp 123-145 from Springer

Abstract: Abstract While the Global Financial CrisisGlobal Financial Crisis reshaped the functioning of the Economic and Monetary Union of the European Union and European Central Bank, it also affected the fiscal side and the other intuitions and pillars of the Union, including the European CommissionEuropean Commission. Monetary policy on its own has not and shall never be enough to deliver the mandate of mere price stability never mind the stability of macroeconomy and financial system. Therefore, it was obvious that sooner or later the fiscal policy and the public policy will have to play their parts.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-88185-6_4

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DOI: 10.1007/978-3-030-88185-6_4

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