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Other research product . Other ORP type . 2020

What do the fiscal stimulus strategies in the United States and Europe reveal?

Blot, Christophe; Timbeau, Xavier;
English
Published: 01 Apr 2020
Publisher: HAL CCSD
Country: France
Abstract

contribution à un site web; In parallel with the decisions taken by the US Federal Reserve and the European Central Bank (ECB), governments are stepping up announcements of stimulus packages to try to cushion the economic impact of the Covid-19 health crisis, which has triggered a recession on an unprecedented scale and pace. The confinement of the population and the closure of non-essential businesses is leading to a reduction in hours worked and in consumption and investment, combining a supply shock and demand shock. [First paragraph]

Subjects

Monetary policy, Fiscal policy, [SHS.SCIPO]Humanities and Social Sciences/Political science

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