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http://hdl.handle.net/11531/78484| Título : | Scarring, hysteresis, and investment in Europe |
| Autor : | Claeys, Peter Guenther Antoon Dumont, Béatrice Larch, Martin van der Wielen, Wouter |
| Fecha de publicación : | 6-feb-2023 |
| Resumen : | - Major economic downturns have left important scars in the path of economic expansion, despite forceful and regular attempts to support aggregate demand. This column summarises discussions at a recent workshop on scarring effects and strategies to avert or minimise them. Fiscal policy can play an important role in limiting hysteresis – a term coined in the 1980s – particularly by promoting government and private investment. However, the political economy of fiscal policymaking typically trades off long-term benefits for short-term gains. |
| Descripción : | Página Web |
| URI : | http://hdl.handle.net/11531/78484 |
| Aparece en las colecciones: | Artículos |
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