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It’s All in the Mix: How Monetary and Fiscal Policies Can Work or Fail Together
The notion of the monetary-fiscal policy mix has made a spectacular comeback as countries have been forced to takle the devastating economic fallout from the COVID-19 pandemic. The 23rd Geneva Report on the World Economy stresses that the desirable coordination between central banks and treasuries can only work if the credibility of their commitment to desirable long-term goals – healthy growth under price stability and public debt sustainability – is preserved and backed by a resilient institutional framework, and urges policymakers to develop a strategy aimed at regaining policy space on both sides of the mix.

Join the authors of the Report in this online launch, hosted by PIIE and CEPR:

- Adam Posen, PIIE and CEPR

- Elga Bartsch, BlackRock Investment Institute
- Agnès Bénassy-Quéré, University Paris 1 Panthéon-Sorbonne, Paris School of Economics and CEPR
- Giancarlo Corsetti, University of Cambridge and CEPR
- Xavier Debrun, National Bank of Belgium and European Fiscal Board

- Benoît Cœuré, Bank for International Settlements
- Jason Furman, Harvard University and PIIE

Download the report: https://voxeu.org/content/it-s-all-mix-how-monetary-and-fiscal-policies-can-work-or-fail-together

Jan 26, 2021 01:30 PM in London

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