Bouthevillain, C.; Dufrénot, G. - Banque de France - 2010
magnitude in times of crisis and non-crisis in France. We find that these nonlinearities are both frequent (as they exist on all … show that if one considers the aggregate GDP, public expenditure has a stronger impact during crisis and the expenditure … taxes changes induce a (stimulus) effect in the investment rate only during non-crisis periods. A rise in subsidies has a …