How did governments ( Fiscal policy ) responded to the global financial crisis?
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4 Lessons Responded To The Global Financial Crisis :-
- Counter-cyclical fiscal policy can be an effective tool in crises; its impact is country- and situation-specific.
- Fiscal policy should be counter-cyclical in both good and bad times.
- To be effective, fiscal stimulus must be large enough, temporary, and targeted.
- Fiscal policy alone cannot fix structural problems, and it may exacerbate them.
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