Discussion paper

DP11088 COEURE Survey: Fiscal and Monetary Policies after the Crises

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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Citation

Corsetti, G and C Brendon (eds) (2016), “DP11088 COEURE Survey: Fiscal and Monetary Policies after the Crises”, CEPR Press Discussion Paper No. 11088. https://cepr.org/publications/dp11088