Expansionary contractions and fiscal free lunches: Too good to be true?

This paper builds a framework to jointly examine the possibility of both 'expansionary fiscal contractions’ (austerity increasing output) and 'fiscal free lunches’ (expansions reducing government debt), arguments supported by the austerity and stimulus camps, respectively, in recent debate...

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Bibliographic Details

Main Authors:	Richard McManus, Gulcin Ozkan, Dawid Trzeciakiewicz
Format:	Default Article
Published:	2018
Subjects:	Other economics not elsewhere classified Fiscal policy Austerity versus stimulus Zero lower bound Economics Economics not elsewhere classified
Online Access:	https://hdl.handle.net/2134/33686
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