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Why Does the Debt-to-GDP Ratio Constrain Crisis Response?

Authors :
Sussman, Anna Louie
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