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Title: COEURE Survey: Fiscal and Monetary Policies after the Crises

Author(s): Charles Brendon and Giancarlo Corsetti

Publication Date: January 2016

Keyword(s): Euro-area crisis, Global Crisis, Stabilization Policies and Zero Lower Bound

Programme Area(s): Monetary Economics and Fluctuations

Abstract: 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.

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Bibliographic Reference

Brendon, C and Corsetti, G. 2016. 'COEURE Survey: Fiscal and Monetary Policies after the Crises'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=11088