Fiscal Stimulus Packages: Recovery from the Global Crisis
Global Recession to Global Recovery; Macro and Micro Dynamics of Trade, Finance and Investment, Eds. Pawan K. Chugan and Sameer S. Pingle, Excel India Publishers, New Delhi, pp.276-291.
16 Pages Posted: 26 Jul 2012 Last revised: 30 Jul 2012
Date Written: January 5, 2012
The recent Financial Crisis reminded us once again about the vulnerability of the global economy. Economists were forced to think about the effectiveness of their policies. During this period, many governments across the world had adopted fiscal measures to boost their local economies. The path to recovery from a crisis of such magnitude is indeed long and painful. The effectiveness of fiscal and monetary measures is a matter of debate among economists. This paper discusses the fiscal measures adopted by countries across the world, and analyzes their impact.
Keywords: Global crisis, Fiscal Stimulus, Government Policy, Recovery
JEL Classification: E32, E44, E62
Suggested Citation: Suggested Citation