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- W45596814 abstract "The effectiveness of discretionary fiscal policy measures depends on a number of factors, some of which can vary substantially over the economic cycle. This fact would lead to time-varying fiscal multipliers. The depth and charac teristics of the current economic crisis, along with the spread of credit constraints, made advisable the adoption of si zeable fiscal stimulus packages in a wide set of countries. Such stimulus packages seem to have entailed positive ef fects on economic activity and employment in the short-term. However, the worsening of fiscal positions might cast doubts about their sustainability in the long-term. The wave of iustability caused by the fiscal crisis in Greece has ex hausted the leeway for implementing additional fiscal stimulus programmes with the need for fiscal consolidation programmes showing up." @default.
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- W45596814 date "2010-01-01" @default.
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- W45596814 title "La política fiscal discrecional en tiempos de crisis" @default.
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