Cogan, John F.; Taylor, John B.; Wieland, Volker; … - C.E.P.R. Discussion Papers - 2012
In the aftermath of the global financial crisis and great recession, many countries face substantial deficits and growing debts. In the United States, federal government outlays as a ratio to GDP rose substantially from about 19.5 percent before the crisis to over 24 percent after the crisis. In...
