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EF, Centralna ekonomska knjižnica, Ljubljana (CEKLJ)
  • Fiscal and monetary policy during downturns : evidence from the G7
    Leigh, Daniel ; Stehn, Sven Jari
    This paper analyzes how fiscal and monetary policy typically respond during downturns in G7 countries. It evaluates whether discretionary fiscal responses to downturns are timely and temporary, and ... compares the response of fiscal policy to that of monetary policy. The results suggest that while responding more weakly and less quickly than monetary policy, discretionary fiscal policy is more timely than conventional wisdom would suggest, particularly in "Anglo-Saxon" countries, but the response differs substantially across fiscal instruments. Both fiscal and monetary policy are found to be subject to an easing bias, with more easing during downturns than tightening during upturns; and liable to easing in response to erroneously perceived downturns, many of which are subsequently revised to expansions.
    Vrsta gradiva - knjiga ; neleposlovje za odrasle
    Založništvo in izdelava - [Washington (D.C.)] : International Monetary Fund, 2009
    Jezik - angleški
    COBISS.SI-ID - 19274726

Signatura – lokacija, inventarna št. ... Status izvoda
Skladišče II 12065/09 gl. publikacijo
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