Brookings Papers on Economic Activity· 2012Q1
Fiscal Policy in a Depressed Economy
- 822citations
- Q1SCImago
- 2012year
Short summary
Expansionary fiscal policy is likely self-financing and beneficial in depressed economies at the zero lower bound, even with modest hysteresis, suggesting caution on fiscal consolidation.
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General Economics, Econometrics and FinanceEconomics, Econometrics and Finance