Fiscal Policy for the Crisis

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.
Publication date: December 2008
ISBN: 9781498333856
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PP , aggregate demand , tax cut , current crisis , financial measure , current circumstance

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