Of fairies and governments: An ABM evaluation of the expansionary austerity hypothesis

Of fairies and governments: An ABM evaluation of the expansionary austerity hypothesis

This paper draws on a debate between Robert Skidelsky and Paul Krugman on the expansionary austerity hypothesis as a motivation to build a demand-driven agent-based model. The model features contagion across firms to explore whether fiscal consolidations may become expansionary due to a positive eff...

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Bibliographic Details
Main Authors: Adriano dos Reis M. Laureno Oliveira, Gilberto Tadeu Lima, Laura Carvalho
Format: Article
Language:English
Published: Elsevier 2020-05-01
Series:EconomiA
Subjects:
Expansionary Fiscal Consolidation
Contagion
Confidence
ABM
Keynesian Macroeconomics
Online Access:http://www.sciencedirect.com/science/article/pii/S1517758019300888

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http://www.sciencedirect.com/science/article/pii/S1517758019300888

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