[PDF.32ql] Fiscal Implications of the Global Economic and Financial Crisis (Occasional Paper (Intl Monetary Fund))

Fiscal Implications of the Global Economic and Financial Crisis (Occasional Paper (Intl Monetary Fund))

[PDF.zu96] Fiscal Implications of the Global Economic and Financial Crisis (Occasional Paper (Intl Monetary Fund))

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 | #4032981 in eBooks |  2009-09-18 |  2009-09-18 | File type: PDF

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The economic and financial crisis is affecting the fiscal accounts of virtually every country. Public sector support for the financial system, fiscal stimulus and the automatic stabilizers, as well as the revenue decline from the downturn in commodity and asset prices, are leading to sharp increases in deficits and debt stocks around the world. Expansionary fiscal policy continues to be necessary in the short term to stimulate economic recovery. But it is now essential t...

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