Fiscal Policy for the Crisis

Antonio Spilimbergo, Steven Symansky, Carlo Cottarelli and Olivier Blanchard

No 2008/001, IMF Staff Position Notes from International Monetary Fund

Abstract: 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.

Keywords: SPN; financial crisis; crisis; firm; government; macroeconomic crisis; government balance sheet; mortgage company; cost of capital; transfer policy; loans crisis; Fiscal stimulus; Financial sector; Fiscal sustainability; Global (search for similar items in EconPapers)
Pages: 37
Date: 2009-01-07
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Citations: View citations in EconPapers (32)

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Journal Article: Fiscal Policy For The Crisis (2009)
Working Paper: Fiscal Policy for the Crisis (2009)
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