Fund calls for fiscal expansion

This staff position note by the International Monetary Fund outlines the characteristics of the fiscal stimulus the Fund is calling for to revive the global economy.

"The current crisis calls for two main sets of policy measures. First, measures to repair the financial system. Second, measures to increase demand and restore confidence," the authors argue.

"While some of these measures overlap, the focus of this note is on the second set of policies, and more specifically, given the limited

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