Expansionary Fiscal Austerity : New International Evidence

Expansionary Fiscal Austerity : New International Evidence

The expansionary fiscal contraction (EFC) hypothesis states that fiscal austerity can increase output or consumption when a country is under heavy debt burdens because it sends positive signal about the country's solvency situation and long-te...

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Bibliographic Details
Main Author: Nie, Ou
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
FISCAL POLICY
FISCAL CONSOLIDATION
STRUCTURAL VECTOR AUTOREGRESSION
DEBT SUSTAINABILITY
ECONOMIC CRISIS
FISCAL SHOCK
ECONOMIC SHOCK
AUSTERITY
DEBT BURDEN
Online Access:http://documents.worldbank.org/curated/en/430691596113581519/Expansionary-Fiscal-Austerity-New-International-Evidence
http://hdl.handle.net/10986/34262

Internet

http://documents.worldbank.org/curated/en/430691596113581519/Expansionary-Fiscal-Austerity-New-International-Evidence
http://hdl.handle.net/10986/34262

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