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Why Does the Debt-to-GDP Ratio Constrain Crisis Response?
- Source :
- The NBER Digest. July, 2019, p2, 1 p.
- Publication Year :
- 2019
-
Abstract
- Over the last four decades, OECD nations with lower debt-to-GDP ratios have responded to financial crises, on average, with more expansionary fiscal policy than their higher-debt counterparts. Recoveries from the [...]
Details
- Language :
- English
- ISSN :
- 0888949X
- Database :
- Gale General OneFile
- Journal :
- The NBER Digest
- Publication Type :
- Periodical
- Accession number :
- edsgcl.594665319