Type
Contribution à un site web
Titre
What do the fiscal stimulus strategies in the United States and Europe reveal?
Dans
Blog de l'OFCE
Mots clés
Fiscal policy, Monetary policy
Résumé
EN
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]

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