In this work, we employ the keynes+schumpeter (k+s) agent-based model (dosi et al., 2010, 2013, 2015) to compare short- and long-run effects of keynesian fiscal policies vis-à-vis austerity rules.keywordsbusiness cyclefiscal policypublic debtliquid assetloan lossthese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
|Title of host publication||Contemporary Issues in Macroeconomics |
|Subtitle of host publication||Lessons from The Crisis and Beyond|
|Publication status||Published - 2016|
|Series||International Economic Association Series|