Monetary and Fiscal Policy
Monetary economics and monetary policy (central banking) is one of the key strengths of the CEP macro program. Our work addresses many of the most pressing questions confronting monetary economists and central bankers today. Recent work is also addressing the role of fiscal policy. The global recession has brought fiscal policy back into the spotlight, with both fiscal stimulus being used early on and fiscal retrenchment later as policy makers became concerned about debt levels. Recent CEP work has thus addressed the power and desirability of fiscal policy.
