COEURE Survey: Fiscal and Monetary Policies after the Crises

Giancarlo Corsetti and Charles Brendon

No 11088, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We review the recent literature on macroeconomic stabilisation policy, with a particular focus on two major challenges that are particular to the post-crisis land- scape. These are, first, how to provide meaningful economic stimulus when the zero lower bound on nominal interest rates is binding. Second, how to design a stabilisation policy for the Eurozone that will remedy the large macroeconomic imbalances among member states.

Keywords: Euro-area crisis; Global crisis; Stabilization policies; Zero lower bound (search for similar items in EconPapers)
JEL-codes: E31 E32 E52 E58 E62 F45 (search for similar items in EconPapers)
Date: 2016-01
New Economics Papers: this item is included in nep-mac and nep-opm
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Citations: View citations in EconPapers (5)

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