By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward ...

ByGiancarlo CorsettiandGernot Mueller Sizeable resort to fiscal policy seems justified because ... confidence effects that can undermine the expansionary impact of the fiscal intervention.

given all of the above, more likely the expansionary fiscal policy will end up being contractionary in terms of output. This will exacerbate the crises, especially given the “initial conditions ...

We provide a theory of the limits to monetary policy independence in open economies arising from the interaction between capital flows and domestic collateral constraints. The key feature of our ...

Faced with a double dip-recession since the 2008 crisis, the Government engaged in expansionary fiscal policy, which helped sustain growth and employment, but resulted in increased public debt from ...

JAKARTA: Indonesia's ministers and officials with the incoming government on Monday sought to allay market worries about President-elect Prabowo Subianto's expansionary fiscal policy, saying the ...