On the Macroeconomic Consequences of Over-Optimism /

Is over-optimism about a country's future growth perspective good for an economy, or does over-optimism also come with costs? In this paper we provide evidence that recessions, fiscal problems, as well as Balance of Payment-difficulties are more likely to arise in countries where past growth ex...

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Dettagli Bibliografici
Autore principale: Beaudry, Paul
Altri autori: Willems, Tim
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2018.
Serie:IMF Working Papers; Working Paper ; No. 2018/122
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Accesso online:Full text available on IMF

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