Policy Article

Low interest rates and fast monetary expansion: what should financial policy do? (original publication in German)

Kiel Policy Briefs, 75

The current phase of low interest rates confronts German fiscal policy with a particular challenge. If monetary conditions induce a boom the risk will raise that the fiscal stance will be overstated by common methods. The Kiel Institute’s fiscal expert Jens Boysen-Hogrefe describes options for fiscal policy how to react on these risks.

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