Martorano, Bruno; Cornia, Giovanni Andrea; Stewart, Frances - Dipartimento di Scienze per l'Economia e l'Impresa, … - 2012
The paper juxtaposes the fiscal policies – and in particular the changes in social expenditures – adopted during the debt crisis of 1982-1985 and the financial crisis of 2008-2011. The paper shows that – contrary to the early 1980s - the governments’ responses in 2008-2009 were...