Good and bad equilibria
Fiscal consolidation will go too far if it pushes the economy towards a “bad equilibrium” with high and growing fiscal deficits and debt, high risk premia on sovereign debt, slumping economic activity and plummeting confidence. In this paper we examine the possible conditions under which fiscal cons...
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| Main Authors: | , , |
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| Format: | Article ou chapitre numérique |
| Language: | Français |
| Published: |
2013
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| Subjects: | |
| Online Access: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |