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| 02509nam 2200385zi 4500 |
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| 001 | 9.903071 |
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| 003 | CaOODSP |
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| 005 | 20221107180137 |
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| 006 | m o d f |
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| 007 | cr cn||||||||| |
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| 008 | 210903t20212021oncd ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | 0 |aeng|beng|bfre |
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| 086 | 1 |aFB3-6/2021-4E-PDF |
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| 100 | 1 |aDong, Wei, |eauthor. |
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| 245 | 10|aComplementaries between fiscal policy and monetary policy : |bliterature review / |cby Wei Dong, Geoffrey Dunbar, Christian Friedrich, Dmitry Matveev, Romanos Priftis and Lin Shao. |
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| 264 | 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2021. |
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| 264 | 4|c©2021 |
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| 300 | |a1 online resource (iii, 29 pages) : |bgraphs. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff discussion paper = |aDocument d'analyse du personnel, |x1914-0568 ; |v2021-4 |
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| 500 | |aCover title. |
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| 500 | |a"March 15, 2021." |
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| 504 | |aIncludes bibliographical references (pages 22-29). |
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| 520 | 3 |a"This paper reviews and summarizes the literature on the complementary relationship between fiscal policy and monetary policy. We focus on four types of fiscal policy: (1) automatic stabilizers, (2) state-contingent non-discretionary fiscal policy, (3) discretionary fiscal stimulus and (4) government credit policies. The literature shows that automatic fiscal stabilizers can play a role in stabilizing business cycle fluctuation. But because they can have multiple policy objectives, their optimal design remains an open question. An alternative policy framework features state-contingent non-discretionary fiscal expenditures with a pre-committed fiscal spending formula triggered by objective macroeconomic conditions. Such a policy offers the advantage of being timely and easy to communicate; but at the same time, it poses challenges for identifying appropriate triggers and program expenditures with high short-run multipliers"--Abstract, page ii. |
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| 546 | |aIncludes abstracts in English and French. |
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| 650 | 0|aFiscal policy. |
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| 650 | 0|aMonetary policy. |
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| 650 | 6|aPolitique fiscale. |
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| 650 | 6|aPolitique monétaire. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff discussion paper (Bank of Canada)|x1914-0568 ; |v2021-4.|w(CaOODSP)9.806273 |
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| 856 | 40|qPDF|s749 KB|uhttps://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-6-2021-4-eng.pdf |
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