Great recession, slow recovery and muted fiscal policies in the US

This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the subsequent...

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Bibliographic details
Volume: 81
Main Author: Albonico, Alice
Paccagnini, Alessia
Tirelli, Patrizio
Format: Journal Article
Language: English
Place of publication: Elsevier B.V 01.08.2017
published in: Journal of economic dynamics & control Vol. 81; pp. 140 - 161
Data of publication: August 2017
ISSN: 0165-1889
1879-1743
EISSN: 1879-1743
Discipline: Economics
Subjects:
C11
C32
C13
E21
E32
E37
Online Access: available in Bonn?
Database: CrossRef
Database information Databases - DBIS