Tesfaselassie, Mewael F. - In: The crisis and beyond, (pp. 50-55). 2009
With interest rates in most developed countries close to zero, it is not possible for monetary policymakers to …, and thoughts turn to fiscal policy in order to stabilize output and prices. This paper summarizes the current academic … debate on the role of fiscal policy under current conditions. In particular, this paper argues that policymakers need to be …