Wieland, Volker - C.E.P.R. Discussion Papers - 2009
Recent evaluations of the fiscal stimulus packages enacted in 2009 in the United States and Europe such as Cogan, Cwik … of this argument for the estimated impact of recent stimulus packages and the case for discretionary fiscal policy. …, Taylor and Wieland (2009) and Cwik and Wieland (2009) suggest that the GDP effects will be modest due to crowding-out of …