economic growth to a fiscal shock are mostly positive in both financial stress regimes; (iii) financial stress has a negative … effect on output growth and worsens the fiscal position; (iv) the nonlinearity in the response of output growth to a fiscal …

economic growth to a fiscal shock are mostly positive in both financial stress regimes; (iii) financial stress has a negative … effect on output growth and worsens the fiscal position; (iv) the nonlinearity in the response of output growth to a fiscal …

stabilizing output growth - less effective. Away from the ZLB, the history dependence induced by a concern for output growth … with a binding ZLB, a central bank with an objective for output growth stabilization aims to engineer a more gradual …

output growth—less effective. Away from the ZLB, the history dependence induced by a concern for output growth stabilization … binding ZLB, a central bank with an objective for output growth stabilization aims to engineer a more gradual increase in …

public expenditure and its financing via revenue and deficits, and economic growth. We review the various channels through … which public finances affect growth and its underlying determinants (institutional framework, employment, savings and … surveys the empirical findings on the impact of fiscal variables on sustained economic growth. …