According to the latest studies, measures of fiscal consolidation have had a negative effect on the economy thereby dispelling the myth of expansionary austerity based on the idea of a negative fiscal multiplier able to promote growth. In line with recent empirical works on the multiplier of fiscal policy, the following analysis shows that variations in autonomous demand (public spending, exports and autonomous consumption) have a strong multiplier effect on the GDP.

Girardi, D., Pariboni, R. (2016). Domanda autonoma, crescita ed investimenti. ECONOMIA E POLITICA.

Domanda autonoma, crescita ed investimenti

Daniele Girardi;Riccardo Pariboni
2016-01-01

Abstract

According to the latest studies, measures of fiscal consolidation have had a negative effect on the economy thereby dispelling the myth of expansionary austerity based on the idea of a negative fiscal multiplier able to promote growth. In line with recent empirical works on the multiplier of fiscal policy, the following analysis shows that variations in autonomous demand (public spending, exports and autonomous consumption) have a strong multiplier effect on the GDP.
2016
Girardi, D., Pariboni, R. (2016). Domanda autonoma, crescita ed investimenti. ECONOMIA E POLITICA.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11365/1089070