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Fiscal Policy for the Crisis

Fiscal Policy for the Crisis
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Volume/Issue:
2008/01
Series:
IMF Staff Position Notes
Author(s):
Antonio Spilimbergo, Steven Symansky, Carlo Cottarelli, and Olivier Blanchard
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
January 2009
DOI:
http://dx.doi.org/10.5089/9781589067981.004
ISBN:
9781589067981
ISSN:
2072-3202
Page:
37
The current crisis calls for two main sets of policy measures. First, measures to repair the financial system. Second, measures to increase demand and restore confidence. While some of these measures overlap, the focus of this note is on the second set of policies, and more specifically, given the limited room for monetary policy, on fiscal policy.
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