Coeure Survey: Fiscal and Monetary Policies after the Crises
57 Pages Posted: 2 Feb 2016
Date Written: January 2016
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 landscape. 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
JEL Classification: E31, E32, E52, E58, E62, F45
Suggested Citation: Suggested Citation
Brendon, Charles and Corsetti, Giancarlo, Coeure Survey: Fiscal and Monetary Policies after the Crises (January 2016). CEPR Discussion Paper No. DP11088, Available at SSRN: https://ssrn.com/abstract=2726568
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