Expansionary Fiscal Austerity : New International Evidence
The expansionary fiscal contraction (EFC) hypothesis states that fiscal austerity can increase output or consumption when a country is under heavy debt burdens because it sends positive signal about the country's solvency situation and long-te...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/430691596113581519/Expansionary-Fiscal-Austerity-New-International-Evidence http://hdl.handle.net/10986/34262 |