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Fiscal Policy for the Crisis

Author

Listed:
  • Mr. Antonio Spilimbergo
  • Mr. Steven A. Symansky
  • Mr. Carlo Cottarelli
  • Mr. Olivier J Blanchard

Abstract

The current crisis calls for two main sets of policy measures. First, measures to repair the financial system. Second, measures to increase demand and restore confidence. While some of these measures overlap, the focus of this note is on the second set of policies, and more specifically, given the limited room for monetary policy, on fiscal policy.

Suggested Citation

  • Mr. Antonio Spilimbergo & Mr. Steven A. Symansky & Mr. Carlo Cottarelli & Mr. Olivier J Blanchard, 2009. "Fiscal Policy for the Crisis," IMF Staff Position Notes 2008/001, International Monetary Fund.
    • Handle: RePEc:imf:imfspn:2008/001
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    Other versions of this item:

    • Antonio Spilimbergo & Steve Symansky & Olivier Blanchard & Carlo Cottarelli, 2009. "Fiscal Policy For The Crisis," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 10(02), pages 26-32, July.

    References listed on IDEAS

    as
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    5. Francesco Giavazzi & Marco Pagano, 1995. "Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience," NBER Working Papers 5332, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    SPN; financial crisis; crisis; firm; government; macroeconomic crisis; government balance sheet; mortgage company; cost of capital; transfer policy; loans crisis; Fiscal stimulus; Financial sector; Fiscal sustainability; Global;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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