Title: Fiscal implications of the global economic and financial crisis /
Authors: International Monetary Fund.
Publisher: International Monetary Fund,
Year: 2009
Subjects: Global Financial Crisis, 2008-2009.; Fiscal policy.; Economic stabilization.; Finance, Public; Debts, Public.
Abstract: This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as information on fiscal stimulus and financial and industrial sector support gathered through mid-May. It follows the request by G-20 leaders for the Fund to assess regularly the actions taken by countries to address the global crisis and accelerate the recovery.--Publisher's description.
Contents: Overview -- Fiscal implications of the crisis : direct costs -- Fiscal implications of the crisis : the cost of the recession -- Fiscal implications of the crisis : effects through the funded component of the pension system -- The outlook for public finances in lights of the crisis -- The risk for fiscal solvency and the appropriate policy response.