Fiscal and monetary policies during the Great Recession: A critical evaluatio indicated by Vito Tanzi published by Comparative Economic Studies (2015). “This paper discusses the fiscal and monetary policies that were adopted by the crisis countries. It challenges the commonly held view that the countries followed policies of’austerity’. It shows that in most countries there was far less reduction of public spending than reported or believed. This paper argues that the fiscal and monerary policies that were followed may have had damaging repercussions on private investment and private spending, because of their impact on psychology and on uncertainty…”
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