NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries

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Francesco Giavazzi, Marco Pagano

Chapter in NBER book NBER Macroeconomics Annual 1990, Volume 5 (1990), Olivier J. Blanchard and Stanley Fischer, editors (p. 75 - 122)*
Published in January 1990

This chapter first appeared as NBER working paper w3372, Can Severe Fiscal Contractions be Expansionary? Tales of Two Small European Countries, Francesco Giavazzi, Marco Pagano

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