Justification and Implementation of Exit Strategies in the Context of the Current Crisis
This paper aims at emphasizing the complexity of decisions taken by fiscal and monetary authorities in order to reverse the measures introduced to counter the effects of the current crisis, starting with a theoretical approach and continuing with the analysis of exit strategies on the cases of the USA, euro zone and Japan. The conclusion of this study is that, currently, there is no optimal strategy of withdrawing the intervention measures and less one based on international coordination. Also, effective exit strategies focus on good communication between the factors involved and actions that converge towards sustainable economic growth.
References listed on IDEAS
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- Foerster, Andrew T., 2015.
"Financial crises, unconventional monetary policy exit strategies, and agents׳ expectations,"
Journal of Monetary Economics,
Elsevier, vol. 76(C), pages 191-207.
- Andrew T. Foerster, 2011. "Financial crises, unconventional monetary policy exit strategies, and agents' expectations," Research Working Paper RWP 11-04, Federal Reserve Bank of Kansas City.
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