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The Short- and Long-Run Damages of Fiscal Austerity: Keynes beyond Schumpeter

  • Giovanni Dosi
  • Mauro Napoletano
  • Andrea Roventini
  • Tania Treibich
Part of the International Economic Association Series book series (IEA)

Abstract

In this work, we employ the Keynes+Schumpeter (K+S) agent-based model (Dosi et al., 2010, 2013, 2015) to compare short- and long-run effects of Keynesian fiscal policies vis-à-vis austerity rules.

Keywords

Business Cycle Fiscal Policy Public Debt Liquid Asset Loan Loss 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Giovanni Dosi, Mauro Napoletano, Andrea Roventini, and Tania Treibich 2016

Authors and Affiliations

  • Giovanni Dosi
    • 1
  • Mauro Napoletano
    • 2
  • Andrea Roventini
    • 1
    • 2
  • Tania Treibich
    • 1
    • 2
    • 3
  1. 1.Scuola Superiore Sant’AnnaPisaItaly
  2. 2.OFCE and SKEMA Business SchoolSophia-AntipolisFrance
  3. 3.Maastricht Universitythe Netherlands

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