Lessons from failure: Fiscal policy, indulgence and ideology.
Macroeconomic theory clearly suggests that at the zero lower bound, fiscal contraction will reduce output and slow any recovery. Yet in 2010 the focus of fiscal policy in many countries switched from supporting activity to reducing debt, despite the fact that the recovery from recession often appear...
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| Format: | Journal article |
| Language: | English |
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SAGE Publications
2011
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