The Short- and Long-Run Damages of Fiscal Austerity: Keynes beyond Schumpeter

Giovanni Dosi, Mauro Napoletano, Andrea Roventini, Tania Treibich

Research output: Chapter in Book/Report/Conference proceedingChapterAcademic


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.
Original languageEnglish
Title of host publicationContemporary Issues in Macroeconomics
Subtitle of host publicationLessons from The Crisis and Beyond
PublisherPalgrave Macmillan
ISBN (Electronic)978-1-137-52958-9
ISBN (Print)978-1-137-52957-2
Publication statusPublished - 2016

Publication series

SeriesInternational Economic Association Series

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