In this note I will briefly comment on two points in Almunia et al. (2010) The first regards the estimates of the size of the multiplier during the great depression. The second qualifies the importance of fiscal policy in the current crisis.
Comment on: “From Great Depression to Great Credit Crisis: Similarities, Differences and Lessons”
PERRI, FABRIZIO
2010
Abstract
In this note I will briefly comment on two points in Almunia et al. (2010) The first regards the estimates of the size of the multiplier during the great depression. The second qualifies the importance of fiscal policy in the current crisis.
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