Capet, Stéphane (contributor) - 2004 - [Elektronische Ressource]
stabilisers are
efficient to stabilise output and inflation because they entail a smaller output gap and a
smaller deviation of … 1990s, a view emerged that contractionary fiscal
policy could have a positive impact on output. This opinion contradicts … policies have no
short term and long term effects on real output (Lucas, 1975 and Sargent and Wallace,
1975). Fiscal (and …