Welfare Analysis of Debt Policy during Recessions
نویسندگان
چکیده
منابع مشابه
Debt consolidation and fiscal stabilization of deep recessions
The global financial crisis of 2008–09 has sent public debt on sharply higher trajectories, as governments have provided large-scale support to the financial system, implemented discretionary fiscal stimulus, and accommodated steep drops in tax revenue. With the economic recovery gradually taking hold, the focus is now shifting to fiscal “exit strategies.” Indeed, many countries are set to face...
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T he Great Recession generated large reductions in employment, earnings, and income for workers and families in the United States. The seasonally adjusted unemployment rate increased from 5 percent in December 2007 to 9.5 percent in June 2009, the start and end of the recession according to the National Bureau of Economic Research (NBER, at 〈http://www.nber.org/cycles.html〉). From 2007 to 2010,...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.819664