The Return of Expansionary Austerity : Firms' Investment Response to Fiscal Adjustments in Emerging Markets /
We study the response of corporate investment in Emerging Markets to unexpected fiscal shocks. We find that, although firm-level investment decreases on impact following unexpected public expenditure adjustments (classical Keynesian multiplier effect), it quickly rises above pre-shock levels. The re...
| 主要作者: | |
|---|---|
| 其他作者: | |
| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2022.
|
| 叢編: | IMF Working Papers; Working Paper
;No. 2022/070 |
| 主題: | |
| 在線閱讀: | Full text available on IMF |