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Scientific paper - Original scientific paper
Fiscal Policy in Crisis: Rethinking Austerity
Zagreb International Review of Economics & Business, 15 (2012), 2; 45-60. urn:nbn:hr:213:732880
Radošević, Dubravko

Institutional repository: The Institute of Economics, Zagreb

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Radošević, D. (2012). Fiscal Policy in Crisis: Rethinking Austerity. Zagreb International Review of Economics & Business, 15. (2), 45-60. Retrieved from https://urn.nsk.hr/urn:nbn:hr:213:732880

Radošević, Dubravko. "Fiscal Policy in Crisis: Rethinking Austerity." Zagreb International Review of Economics & Business, vol. 15, no. 2, 2012, pp. 45-60. https://urn.nsk.hr/urn:nbn:hr:213:732880

Radošević, Dubravko. "Fiscal Policy in Crisis: Rethinking Austerity." Zagreb International Review of Economics & Business 15, no. 2 (2012): 45-60. https://urn.nsk.hr/urn:nbn:hr:213:732880

Radošević, D. (2012) 'Fiscal Policy in Crisis: Rethinking Austerity', Zagreb International Review of Economics & Business, 15(2), pp. 45-60. Available at: https://urn.nsk.hr/urn:nbn:hr:213:732880 (Accessed 11 November 2024)

Radošević D. Fiscal Policy in Crisis: Rethinking Austerity. Zagreb International Review of Economics & Business [Internet]. 2012 December 01 [cited 2024 November 11];15(2):45-60. Available at: https://urn.nsk.hr/urn:nbn:hr:213:732880

D. Radošević, "Fiscal Policy in Crisis: Rethinking Austerity", Zagreb International Review of Economics & Business, vol. 15, no. 2, pp. 45-60, December 2012. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:213:732880. [Accessed: 11 November 2024]

Metadata
Title (english)Fiscal Policy in Crisis: Rethinking Austerity
AuthorDubravko Radošević
Author's institutionThe Institute of Economics, Zagreb
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
Many macroeconomists and politicans claim that fi scal austerity – getting the budget deficit down immediately – would be good for employment and growth. We think that fiscal stimulus is expansionary, and fi scal contraction is contractionary. There is a large and growing body of literature that shows that fi scal expansion can help economy to grow and reduce unemployment in near term; that certain types of fi scal stimulus are very effective and that fi scal contractions tend to lower output and employment in the short run. Fiscal austerity may be desirable for the long-term solvency and health of the economy. But it lowers growth and raises unemployment in the near term. A policy mix between new monetary strategy (nominal GDP targeting) and fi scal stimulus would be especially effective.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleZagreb International Review of Economics & Business
Numberingvol. 15, no. 2, pp. 45-60
p-ISSN1331-5609
URN:NBNurn:nbn:hr:213:732880
Publication2012-12-01
Document URLhttps://hrcak.srce.hr/93380
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2018-10-24 09:47:59