Output Decline and Government Expenditures in European Transition Economies /

This paper discusses the role of government expenditure policies in the decline in aggregate output in European transition economies. It is argued that there is little evidence for the hypothesis that more expansionary expenditure policies would have helped to mitigate the output decline. While meas...

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Автор: Schwartz, Gerd
Інші автори: Chu, Ke-young
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 1994.
Серія:IMF Working Papers; Working Paper ; No. 1994/068
Онлайн доступ:Full text available on IMF