CORDIS Project
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This research project analyzes the effects of fiscal and monetary interventions during the 2008-09 financial crisis, focusing on how different households and businesses respond to these measures. It aims to identify characteristics that influence sensitivity to policies, enhancing understanding of macroeconomic dynamic…
The global recession associated with the 2008-09 financial crisis has triggered a wave of unprecedented fiscal and monetary interventions.
Despite their wide use across the world, the quantitative effects of these large scale measures on the aggregate economy remain unclear.
The main reason for this uncertainty is that governments and central banks have been unable, so far, to target the households and businesses more likely to boost the recovery: (i) some consumers may not spend their income…
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