Fiscal Policy and Recessions(2012)
AbstractUsing 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.
- business cycles,
- fiscal policy
Publication DateMay, 2012
Citation Informationriccardo fiorito. "Fiscal Policy and Recessions" (2012)
Available at: http://works.bepress.com/riccardo_fiorito/25/