US stimulus could accelerate policy normalisation – IMF research


The tax cuts and spending increases approved by the US Congress since late 2017 could force the Federal Reserve to accelerate the normalisation of monetary policy, according to research published by the International Monetary Fund.

In The Tax Cuts and Jobs Act: an appraisal, Nigel Chalk, Michael Keen and Victoria Perry assess the possible national and international repercussions of higher growth rates in the US.

The authors think the most direct impact of the stimulus on other countries will

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: