Fiscal Policy for the Crisis

By Antonio Spilimbergo, Stephen Symansky, Olivier Blanchar, C. Cottarelli. 2008

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Macroeconomic Policy in the Time of COVID-19 (2020, neutral): “The third is assistance to affected production sectors and firms through temporary tax cuts, moratoriums on debt repayments, and temporary credit lines (Mukherjee, Subramanian, and Tantri 2018; OECD 2009; Spilimbergo et al. 2008).”
What Determines Government Spending Multipliers? (2012, positive): “As the recession takes hold, a vicious circle may set in: weak demand causes firms to cut prices and, to the extent that pricing decisions are staggered, falling prices generate expectations of lasting deflation; for a given nominal interest rate, these translate into higher real rates, which furthe”
Cross-Border Spillovers from Fiscal Stimulus (2009, positive): “The IMF, for example, has repeatedly called on its members to coordinate their policies in response to the crisis, regarding not only the design of effective short-run measures but also the identification of fiscal consolidation strategies; see Spilimbergo et al. (2008). (2)In previous work (Corsett”