Perotti, Roberto - Bank for International Settlements (BIS) - 2011
" is back in vogue. I argue that, as a statement about the short run, it should be taken with caution. Alesina and Perotti …As governments around the world contemplate slashing budget deficits, the "expansionary fiscal consolidation hypothesis … by cutting government spending. IMF (2010) criticizes the data and methodology used by AAP, and reach opposite …