Our simulations show that high initial levels of public debt make it more difficult to exit a crisis and limit the ability of expansionary fiscal policy to support output growth. Similar results are ...

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 ...

Yet even in countries where current conditions allow for expansionary fiscal ... In other words, for fiscal stimulus to work, monetary policy should also be geared towards stimulating growth ...

Monetary policy is how central banks influence the economy by raising or lowering the money supply. This is in contrast to fiscal policy ... First, as expansionary monetary policy can boost ...

given all of the above, more likely the expansionary fiscal policy will end up being ... conditions” on which (and when) the policy is put to work. This just adds to worsen the overall situation ...