Brendon, Charles, Corsetti, Giancarlo, (2016), “COEURE Survey: Fiscal and Monetary Policies after the Crises“, Centre for Economic Policy Research, Ιανουάριος.
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.
Σχετικές Αναρτήσεις
- Vogel, Lukas, (2015), “Stabilisation and rebalancing with fiscal or monetary devaluation: a model-based comparison”, Discussion Paper No. 22, European Commission publications, Δεκέμβριος.
- Kincaida, Russell, Watson, Max, (2015), “Avoiding Another Crisis in the Euro Area: Public and Private Imbalances and National Policy Responses”, Journal of European Integration, 1 Σεπτεμβρίου.