Macroeconomic policy in light of the credit crunch: The return of counter-cyclical fiscal policy?
This paper begins by arguing that the 2007/8 credit crunch does not require a fundamental reevaluation of monetary policy. The crunch occurred because regulation was too lax, and we need to develop new and more effective tools of regulatory control. To focus on current account imbalances or mistakes...
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| Format: | Journal article |
| Language: | English |
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Oxford University Press
2010
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