Title An exploration of the private sector response to changes in government saving across OECD countries / Alun Thomas

Published [Washington, D.C.] : International Monetary Fund, European I Dept., ©2001

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Description 1 online resource (25 pages) : illustrations Series IMF working paper, 2227-8885 ; WP/01/69 IMF working paper ; WP/01/69. Summary Fiscal policy is a tool that is often used for demand management purposes, especially in economies where the monetary authority is targeting the exchange rate and is therefore constrained in responding to cyclical movements in output. For many years, Norway and Denmark have assigned the role of demand management to fiscal policy to facilitate the monetary policy objective of exchange rate targeting. The usefulness of fiscal policy in this role is currently heavily debated in the context of the introduction of the euro because, in adopting the single currency, countries have had to relinquish their own monetary policy frameworks and therefore the question has been posed whether fiscal policy should play a more active role in moderating cyclical imbalances in Europe Bibliography Includes bibliographical references (pages 24-25) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Fiscal policy -- OECD countries -- Econometric models Saving and investment -- OECD countries -- Econometric models Fiscal policy -- Econometric models Saving and investment -- Econometric models OECD countries Form Electronic book Author International Monetary Fund. European I Department. ISBN 1451895593 9781451895599 1281345709 9781281345707 9781451849066 1451849060

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