The effects of fiscal policy after the global recession: assessing the evidences

Revista de Economia Política

Luiz Fernando De Paula²  Manoel Carlos De Castro Pires¹ 

[1] ,University of the State of Rio de Janeiro

关键词: fiscal consolidation;    counter-cyclical policy;    international financial crisis;   

DOI  :  10.1590/S0101-31572013000200007

来源: SciELO

【 摘 要 】

This paper offers a commented review of the most recent empirical studies of the effects of fiscal contraction on economic growth, which have helped underpin the prescription that fiscal policy should be expansionary in coming years in order to contain economic semi-stagnation in the developed countries. The paper shows that there is ample literature showing that fiscal expansion helps the economy grow, and that fiscal contraction tends to reduce output and employment in the short term.

【 授权许可】

CC BY   
 All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License