Fiscal Policy, Public Debt and the World Crisis
type="main" xml:id="geer12037-abs-0001"> <title type="main">Abstract</title> <p>This study summarizes a theory of the origin of the current world economic crisis and the role of fiscal policy in mitigating its effect. The perspective is dynamic stochastic general equilibrium analysis. Overall, the model analysis suggests a strong case for fiscal policy if the monetary authority is unable/unwilling to close the output gap. This remains the case, even when explicitly taking into account public debt dynamics.
Year of publication: |
2014
|
---|---|
Authors: | Eggertsson, Gauti B. |
Published in: |
German Economic Review. - Verein für Socialpolitik - VfS. - Vol. 15.2014, 2, p. 225-242
|
Publisher: |
Verein für Socialpolitik - VfS |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Does Excess Liquidity Pose a Threat in Japan?
Eggertsson, Gauti B., (2005)
-
How to Fight Deflation in a Liquidity Trap : Committing to Being Irresponsible
Eggertsson, Gauti B., (2003)
-
A Political Agency Theory of Central Bank Independence
Eggertsson, Gauti B., (2003)
- More ...