Fiscal stimulus packages and uncertainty in times of crisis: economic policy for open economies (journal article)
by Ansgar Belke
from Economic Analysis and Policy, Vol 39, No 1, March 2009
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"Policymakers in the EU member states and around the world, as for instance in Australia, are currently shaping rescue packages to prevent the financial crisis hitting their economies with unmitigated force. Each government is responding to the emerging problems with a country-specific set of measures. Given the global nature of the crisis, would coordinated action at the European level not be a better approach?"