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220928 ||| eng |
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|a 9781513552705
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| 245 |
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|a Fiscal Monitor, October 2020
|b Policies for the Recovery
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|a Washington, D.C.
|b International Monetary Fund
|c 2020
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| 300 |
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|a 124 pages
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|a United States
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| 653 |
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|a Fiscal stance
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| 653 |
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|a Health
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| 653 |
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|a Public debt
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| 653 |
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|a Infectious & contagious diseases
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| 653 |
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|a Finance
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Covid-19
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a Debts, Public
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| 653 |
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|a Other Public Investment and Capital Stock
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| 653 |
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|a Health and Fitness
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| 653 |
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|a Health economics
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| 653 |
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|a Financial markets
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| 653 |
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|a Emerging and frontier financial markets
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| 653 |
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|a Civil service & public sector
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Public investments
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| 653 |
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|a Economic and financial statistics
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| 653 |
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|a Diseases: Contagious
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| 653 |
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|a Econometrics & economic statistics
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| 653 |
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|a Communicable diseases
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| 653 |
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|a National Government Expenditures and Related Policies: Infrastructures
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| 653 |
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|a Public investment spending
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| 653 |
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|a Debt Management
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| 653 |
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|a Computer Programs: Other
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| 653 |
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|a Debt
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| 653 |
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|a Data Collection and Data Estimation Methodology
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| 653 |
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|a Fiscal policy
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a Health Behavior
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| 653 |
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|a Expenditure
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Government finance statistics
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| 653 |
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|a Financial services industry
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| 653 |
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|a Business and Economics
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| 653 |
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|a Statistics
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| 653 |
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|a Public Finance
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| 653 |
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|a Finance: General
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| 710 |
2 |
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|a International Monetary Fund
|b Fiscal Affairs Dept
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a Fiscal Monitor
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| 028 |
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|a 10.5089/9781513552705.089
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| 856 |
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|u https://elibrary.imf.org/display/book/9781513552705/9781513552705.xml?cid=49642-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a Chapter 1 of the report draws some early lessons from governments’ fiscal responses to the pandemic and provides a roadmap for the recovery. Governments’ measures to cushion the blow from the pandemic total a staggering $12 trillion globally. These lifelines and the worldwide recession have pushed global public debt to an all-time high. But governments should not withdraw lifelines too rapidly. Government support should shift gradually from protecting old jobs to getting people back to work and helping viable but still-vulnerable firms safely reopen. The fiscal measures for the recovery are an opportunity to make the economy more inclusive and greener. Chapter 2 of this report argues that governments need to scale up public investment to ensure successful reopening, boost growth, and prepare economies for the future. Low interest rates make borrowing to invest desirable. Countries that cannot access finance will, however, need to do more with less. The chapter explains how investment can be scaled up while preserving quality. Increasing public investment by 1 percent of GDP in advanced and emerging economies could create 7 million jobs directly, and more than 20 million jobs indirectly. Investments in healthcare, housing, digitalization, and the environment would lay the foundations for a more resilient and inclusive economy
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