Can Severe Fiscal Contractions be Expansionary? Tales of Two Small European Countries
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下载链接：
https://www.nber.org/papers/w3372
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资源简介：
According to conventional wisdom, a fiscal consolidation is likely to contract real aggregate demand. It has often been argued, however, that this conclusion is misleading as it neglects the role of expectations of future policy: if the fiscal consolidation is read by the private sector as a signal
提供机构：
美国国家经济研究局
创建时间：
1990-05-01
