Oliveira, Adriano Dos Reis M. Laureno; Lima, Gilberto Tadeu - In: Economia : revista da ANPEC 21 (2020) 2, pp. 233-254
This paper draws on a debate between Robert Skidelsky and Paul Krugman on the expansionary austerity hypothesis as a motivation to build a demand-driven agent-based model. The model features contagion across firms to explore whether fiscal consolidations may become expansionary due to a positive...
