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来源类型Report
规范类型报告
Geneva 23: It's All in the Mix: How Monetary and Fiscal Policies Can Work or Fail Together
Elga Bartsch; Agnès Bénassy-Quéré; Giancarlo Corsetti; Xavier Debrun
发表日期2020-12-15
出处Geneva Reports on the World Economy
出版年2020
语种英语
摘要The 23rd Geneva Report on the World Economy shows how monetary and fiscal authorities have been rediscovering how to exploit complementarities between their instruments most effectively. It stresses that the desirable coordination between central banks and treasuries can only work if the credibility of their commitment to desirable long-term goals - healthy growth under price stability and public debt sustainability - is preserved and backed by a resilient institutional framework. To restore the ability to deploy an adequate policy response to current and future disturbances, the report urges policymakers to develop a strategy aimed at regaining policy space on both sides of the mix. It argues that an internationally coordinated effort to correct excessive saving and insufficient investment globally could raise equilibrium interest rates and set in motion a virtuous circle of stronger growth and decreasing indebtedness.
URLhttps://cepr.org/publications/books-and-reports/geneva-23-its-all-mix-how-monetary-and-fiscal-policies-can-work-or
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/529154
推荐引用方式
GB/T 7714
Elga Bartsch,Agnès Bénassy-Quéré,Giancarlo Corsetti,et al. Geneva 23: It's All in the Mix: How Monetary and Fiscal Policies Can Work or Fail Together. 2020.
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