It's all in the mix: how monetary and fiscal policies can work or fail together
Bartsch, Elga ; Bénassy-Quéré, Agnès ; Corsetti, Giancarlo ; Debrun, Xavier
Centre for Economic Policy Research, London
CEPR - London
2020
141 p.
epidemic disease ; economic recovery ; monetary policy ; fiscal policy ; macroeconomics
Geneva Reports on the World Economy
23
Economics
https://voxeu.org/content/it-s-all-mix-how-monetary-and-fiscal-policies-can-work-or-fail-together
English
Bibliogr.
"The notion of the monetary-fiscal policy mix has made a spectacular comeback as countries have been forced to takle the devastating economic fallout from the COVID-19 pandemic. The 23rd Geneva Report on the World Economy stresses that the desirable coordination between central banks and treasuries can only work if the credibility of their commitment to desirable long-term goals – healthy growth under price stability and public debt sustainability – is preserved and backed by a resilient institutional framework, and urges policymakers to develop a strategy aimed at regaining policy space on both sides of the mix."
Digital
ISBN (PDF) : 978-1-912179-39-8
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