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We do not have a good measure of the effects of fiscal policy in a recession because the methods that we use to … recession -- and one we care less about -- the multiplier in an expansion. Notable exceptions to this general claim suggest this …
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The recent Financial Crisis reminded us once again about the vulnerability of the global economy. Economists were forced to think about the effectiveness of their policies. During this period, many governments across the world had adopted fiscal measures to boost their local economies. The path...
Persistent link: https://www.econbiz.de/10013103242
With the global financial crisis hitting many countries, policymakers around the world have been weighing different countercyclical policies to support aggregate demand and restore growth. The analysis in this paper estimates a Structural Vector Error Correction model for Tunisia in order to...
Persistent link: https://www.econbiz.de/10013009081
With the global financial crisis hitting many countries, policymakers around the world have been weighing different countercyclical policies to support aggregate demand and restore growth. The analysis in this paper estimates a Structural Vector Error Correction model for Tunisia in order to...
Persistent link: https://www.econbiz.de/10012552011