Sutherland, Douglas; Hoeller, Peter; Égert, Balázs; … - Economics Department, Organisation de Coopération et … - 2010
What changes are needed to make counter-cyclical economic policy more effective in the aftermath of the recent crisis …? An important lesson from the severity of the recent recession is that policy in various areas will have to be more … asset prices, financial market crisis and slump in trade challenged the ability of counter-cyclical policies to cope with …