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Tales of Expansionary Fiscal Contractions in Two European Countries: Hindsight and Foresight

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dc.contributor.author Duffy, David en
dc.date.accessioned 2010-05-11T14:10:39Z en
dc.date.available 2010-05-11T14:10:39Z en
dc.date.issued 2007 en
dc.identifier.citation Considine J., & Duffy D. (2007) "Tales of Expansionary Fiscal COntractions in Two European Countries: Hindsight and Foresight" (Working Paper No. 0120) Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri http://hdl.handle.net/10379/1012 en
dc.description.abstract It is ironic that the potential expansionary effects of fiscal contractions have become known as non-Keynesian effects. This paper highlights the fact that Keynes and his contemporaries were aware of such potential perverse effects. It is clear that the important indirect effects of budgetary policy via expectation were known in the 1930s. Moreover, the economists of the time recognised the possibilities before they occurred. This paper supplements the existing research on the Expansionary Fiscal Contraction hypothesis by comparing two periods in economic history, Britain in 1930/1 and Ireland 1986/7, and the accompanying economic thought. en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.relation.ispartofseries working papers;0120 en
dc.subject Economics en
dc.title Tales of Expansionary Fiscal Contractions in Two European Countries: Hindsight and Foresight en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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