Stabilization Policies and Long Term Growth: Policy Implications from an Agent-Based Macroeconomic Model

@inproceedings{Harting2015StabilizationPA,
  title={Stabilization Policies and Long Term Growth: Policy Implications from an Agent-Based Macroeconomic Model},
  author={Philipp Harting},
  year={2015}
}
Do fiscal stabilization policies affect the long-term growth of the economy? If so, are the long-term effects growth-enhancing or growth-reducing? These questions have again become relevant to the political and academic debate since governments have been forced to spend considerable funds for economic stimulus packages as a response to the recent economic crisis. The answers provided by the economic literature are inconclusive. But a general observation is that, while the theoretical literature… CONTINUE READING