Effects of Fiscal Policy (Paula & Pires)

The effects of fiscal policy after the global recession: assessing the evidences by Luiz Fernando de Paula and Manoel Carlos de Castro Pires published by Brazilian Journal of Political Economy (4/2013). “This paper offers a commented review of the most recent empirical studies of the effects of fiscal contraction on economic growth, which have helped underpin the prescription that fiscal policy should be expansionary in coming years in order to contain economic semi-stagnation in the developed countries.” See PDF Attached