Hur, Seok-Kyun; Mallick, Sushanta; Park, Donghyun - Economics and Research Department, Asian Development Bank - 2011
which it crowds out private investment and consumption. In the medium term, the use of fiscal policy to promote rebalancing … of fiscal policy as a tool for both short-run macroeconomic stabilization and medium- to long-term structural rebalancing … provide compelling support for greater use of fiscal policy for countercyclical purposes. In the context of rebalancing …