Frick, Andres; Graff, Michael; Hartwig, Jochen; … - 2010
. Most countries around the world took resort to fiscal policy in order to foster this recovery. In this paper, we first … discuss the pros and cons of discretionary fiscal policy from a history of economic thought perspective. Next, we summarise … the fiscal policy measures taken in Switzerland. Then we use simulations with the KOF macroeconomic model to assess the …