Coeure Survey: Fiscal and Monetary Policies after the Crises

57 Pages Posted: 2 Feb 2016

See all articles by Charles Brendon

Charles Brendon

European University Institute

Giancarlo Corsetti

University of Cambridge; University of Rome III - Department of Economics; Centre for Economic Policy Research (CEPR)

Date Written: January 2016

Abstract

We review the recent literature on macroeconomic stabilisation policy, with a particular focus on two major challenges that are particular to the post-crisis landscape. These are, first, how to provide meaningful economic stimulus when the zero lower bound on nominal interest rates is binding. Second, how to design a stabilisation policy for the Eurozone that will remedy the large macroeconomic imbalances among member states.

Keywords: Euro-area crisis, Global Crisis, Stabilization Policies, Zero Lower Bound

JEL Classification: E31, E32, E52, E58, E62, F45

Suggested Citation

Brendon, Charles and Corsetti, Giancarlo, Coeure Survey: Fiscal and Monetary Policies after the Crises (January 2016). CEPR Discussion Paper No. DP11088, Available at SSRN: https://ssrn.com/abstract=2726568

Charles Brendon (Contact Author)

European University Institute ( email )

Villa Schifanoia
133 via Bocaccio
Firenze (Florence), Tuscany 50014
Italy

Giancarlo Corsetti

University of Cambridge ( email )

University of Rome III - Department of Economics ( email )

via Ostiense 139
Rome, 00154
Italy
+39 06 5737 4056 (Phone)
+39 06 5737 4093 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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