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How Effective is Fiscal Policy Response in Systemic Banking Crises?

Pocket • 2009 • Engelsk

How Effective is Fiscal Policy Response in Systemic Banking Crises?

Av Sanjeev. Gupta

0 vurderinger • 0.0 av 5

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Om boken

This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures contribute to shortening the length of crisis episodes by stimulating aggregate demand. Fiscal expansions that rely mostly on measures to support government consumption are more effective in shortening the crisis duration than those based on public investment or income tax cuts. But the...Vis mer

Om boken

ISBN

9781451917352

Forlag

Washington : International Monetary Fund

Publiseringsår

2009

Språk

Engelsk

Originaltittel

How Effective is Fiscal Policy Response in Systemic Banking Crises?

Format

Pocket

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