Post-crisis fiscal policy book edited by Carlo Cottarelli, Philip Gerson and Abdelhak Senhadji published by IMF (7/2015). “Fiscal policy makers have faced an extraordinarily challenging environment over the last few years. At the outset of the global financial crisis, the International Monetary Fund (IMF) for the first time advocated a fiscal expansion across all countries able to afford it, a seeming departure from the long-held consensus among economists that monetary policy rather than fiscal policy was the appropriate response to fluctuations in economic activity…” The Peterson Institute for International Economics hosted a book release, the first book IMF staff entirely devoted to the analysis of fiscal policy during the global crisis.
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