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Presentation
Fiscal Policy and Recessions
(2012)
  • riccardo fiorito, University of Siena
Abstract
Using annual Oecd data, recessions are much less frequent (10%) than negative business cycles (50%) that include also cases of growth exceeding potential growth trend. This has implications for fiscal policy that is not counter-cyclical as it should be if extra spending would apply only to recession episodes.
Keywords
  • Recessions,
  • business cycles,
  • fiscal policy
Disciplines
Publication Date
May, 2012
Citation Information
riccardo fiorito. "Fiscal Policy and Recessions" (2012)
Available at: http://works.bepress.com/riccardo_fiorito/25/