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- W2051512022 abstract "In the 1980s several countries with large government debt or deficit implemented substantial, and in some cases drastic, deficit cuts. Contrary to widespread expectations, in many cases private consumption boomed rather than contracted. This paper shows that in times of fiscal stress shocks to government revenues and, especially, expenditure have very different effects on private consumption than in normal times." @default.
- W2051512022 created "2016-06-24" @default.
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- W2051512022 date "1999-11-01" @default.
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- W2051512022 title "Fiscal Policy in Good Times and Bad" @default.
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- W2051512022 doi "https://doi.org/10.1162/003355399556304" @default.
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