Series: IMF Working Papers
Author(s): Patrick Blagrave , Giang Ho , Ksenia Koloskova , and Esteban Vesperoni
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 May 2018
Keywords: Fiscal policy, Monetary policy, Fiscal policy; monetary policy; effective lower bound; international spillovers, effective lower bound, international spillovers, Models with Panel Data, Monetary Policy (Targets, Instruments, and Effects), General
Fiscal stimulus was widely advocated during the global crisis, a period characterized by monetary policy constrained by the effective lower bound (ELB) in many countries, in part because of expected positive spillo...