| Title | : | The Case for Global Fiscal Stimulus |
|---|---|---|
| Author | : | Jaewoo Lee, Douglas Laxton & Michael Kumhof |
| Release | : | 2009-03-06 |
| Kind | : | ebook |
| Genre | : | Business & Personal Finance, Books, Economics |
| Size | : | 2271224 |
| This paper highlights that worldwide expansionary fiscal policy combined with accommodative monetary policy can have significant multiplier effects on the world economy. It also provides a framework for assessing the effects of fiscal actions needed. The IMF emphasizes the role of public sector authorities in preventing a collapse of confidence in the private sector that might lead to a vicious downward spiral. The IMF also calls for fiscal stimulus in as many countries as possible, including emerging market and advanced economies. |
