The Fiscal Dimension of Monetary Policy and Central Bank Autonomy: Lessons from Two Crises
Comparing and contrasting the Fed’s and ECB’s policy responses to the 2008 Global Financial Crisis (GFC) and the COVID-19 pandemic highlights the importance of the fiscal dimension of monetary policy and the pitfalls that can arise when the synergy of fiscal and monetary policy is neglected by an in...
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| Format: | Working Paper |
| Language: | en_US |
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2022
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| Online Access: | https://hdl.handle.net/1721.1/141206 |