Fiscal Action Versus Monetary Stimulus? A Faulty Comparison

Volker Wieland is professor at Goethe University of Frankfurt, director of the Center for Financial Studies and visiting scholar at the Stanford Center for International Development (SCID). Prior to joining academia he was an economist at the Federal Reserve Board in Washington. He has also been a consultant to the European Central Bank for many years. Wieland’s research focuses on macroeconomic models and policy design. His previous research has been published in the American Economic Review, the Journal of Monetary Economics, the European Economic Review and other scientific journals. From 2002 to 2006 he also served as managing editor of the Journal of Economic Dynamics and Control.