Expansionary Austerity New International Evidence

Expansionary Austerity New International Evidence
This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this... READ MORE...

Publication date: July 2011
ISBN 9781455294695
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