Le multiplicateur keynésien en récession: Pourquoi une relance est-elle davantage nécessaire aujourd'hui en zone Euro ?

The keynesian multiplier in recession: why fiscal stimulus is now even more necessary in the Eurozone?

Sebastien Charles, Thomas Dallery and Jonathan Marie

MPRA Paper from University Library of Munich, Germany

Abstract: The Great Recession has revived economic policy debates from the 1930s between the advocates of a balanced budget under all circumstances and the supporters of counter-cyclical fiscal policies. Since 2012, a consensus has emerged that fiscal policy is more effective in recessions that during periods of growth. Now, new studies have explained why fiscal multipliers are usually higher in times of recession. These results confirm the pressing need for fiscal stimulus in Europe.

Keywords: Multiplier; Recession; Post-Keynesians (search for similar items in EconPapers)
JEL-codes: E12 E62 F41 (search for similar items in EconPapers)
Date: 2015-04
New Economics Papers: this item is included in nep-mac and nep-pke
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Journal Article: Le multiplicateur keynésien en récession: pourquoi une relance est-elle davantage nécessaire aujourd'hui en zone euro ? (2015)
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