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https://hdl.handle.net/1822/14598
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Campo DC | Valor | Idioma |
---|---|---|
dc.contributor.author | Agnello, Luca | - |
dc.contributor.author | Furceri, Davide | - |
dc.contributor.author | Sousa, Ricardo M. | - |
dc.date.accessioned | 2011-11-25T18:42:11Z | - |
dc.date.available | 2011-11-25T18:42:11Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | https://hdl.handle.net/1822/14598 | - |
dc.description | NIPE_WP_31_2011 | por |
dc.description.abstract | In this paper, we assess the impact of fiscal policy discretion on economic activity in the short and medium-term. Using a panel of 132 countries from 1960 to 2008, we find that fiscal policy discretion provides a net stimulus to the economy in the short-run and crowding-in effects are amplified once crisis episodes are controlled for– in particular, banking crises - giving a great scope for fiscal policy stimulus packages. However, crowding-out effects take over in the long-run – especially, in the case of debt crises -, in line with the concerns about long-term debt sustainability. | por |
dc.description.sponsorship | Fundação para a Ciência e a Tecnologia (FCT) | por |
dc.language.iso | eng | por |
dc.publisher | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) | por |
dc.rights | openAccess | por |
dc.subject | Fiscal policy discretion | por |
dc.subject | GDP growth | por |
dc.subject | Private consumption | por |
dc.subject | Private investment | por |
dc.subject | Crowding-in | por |
dc.subject | Crowding-out | por |
dc.title | Fiscal policy discretion, private spending, and crisis episodes? | por |
dc.type | workingPaper | por |
dc.peerreviewed | no | por |
dc.relation.publisherversion | http://www3.eeg.uminho.pt/economia/nipe/docs/2011/NIPE_WP_31_2011.pdf | por |
oaire.citationStartPage | 1 | por |
oaire.citationEndPage | 35 | por |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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NIPE_WP_31_2011.pdf | Documento principal | 940,6 kB | Adobe PDF | Ver/Abrir |