Afonso, António; Sousa, Ricardo M. - 2009
medium and long-term
expansionary spending shocks only lead to higher inflation and lower output. Heppke-
Falk et al. (2006 … refinancing), government primary expenditures and government revenues,
inflation, GDP, price level, real growth rate of GDP, and … debt, or is unrelated to the stance of fiscal policy.
14
ECB
Working Paper Series No 991
January 2009
on inflation and …