Public debt, economic growth and nonlinear effects – Myth or reality? by Balázs Egert published by OECD (10/2012) indicated by Arthur Garbayo. “The economics profession seems to increasingly endorse the existence of a strongly negative nonlinear effect of public…
Fiscal policy reaction to the cycle in the OECD: Pro or counter-cyclical? by Balázs Égert. Discretionary fiscal policy appears to react to the cycle in a non-linear fashion: fiscal policy in countries with high public debt and high government…