Hur, Seok-Kyun; Mallick, Sushanta; Park, Donghyun - Economics and Research Department, Asian Development Bank - 2011
Fiscal stimulus programs have contributed substantially to developing Asia’s faster and stronger than expected recovery … which it crowds out private investment and consumption. In the medium term, the use of fiscal policy to promote rebalancing … using fiscal policy to help remove the structural impediments to private consumption and investment. …