摘要 : Empirical studies support the hysteresis hypothesis that recessions have a permanent effect on the level of output. We analyze the implications of hysteresis for fiscal policy in a DSGE model. We assume a simple learning-by-doing ... 展开
作者 | Philipp Engler Juha Tervala |
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作者单位 | |
期刊名称 | 《Journal of Economic Dynamics and Control》 |
页码/总页数 | 39-53 / 15 |
语种 | 英语 |
关键词 | Fiscal policy Hysteresis Learning by doing Welfare |
DOI | 10.1016/j.jedc.2018.02.002 |
馆藏号 | F-112 |