A Strategy for Renormalizing Fiscal and Monetary Policies in Advanced Economies
( IMF Staff Position Notes )
Publication series ： IMF Staff Position Notes
Author： Mr. Carlo Cottarelli José Vinãls
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2009
E-ISBN: 9781589069091
P-ISBN(Paperback): 9781455278459
Subject： F831.0 政策
Language： ENG
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Description
In response to the worst economic crisis since the 1930s, government budgets and central banks have provided substantial support for aggregate demand and for the financial sector. In the process, fiscal balances have deteriorated, government liabilities and central bank balance sheets have been expanded, and risks of future losses for the public sector have increased.