NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

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

Francesco Giavazzi, Marco Pagano

Chapter in NBER book NBER Macroeconomics Annual 1990, Volume 5 (1990), Olivier Jean Blanchard and Stanley Fischer, editors (p. 75 - 122)
Conference held March 9-10, 1990
Published in January 1990 by MIT Press
in NBER Book Series NBER Macroeconomics Annual

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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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