| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19840 |
| 来源ID | Working Paper 19840 |
| Two Tales of Adjustment: East Asian Lessons for European Growth | |
| Anusha Chari; Peter Blair Henry | |
| 发表日期 | 2014-01-23 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | Paths into the Asian Crisis of 1997-98 and the recent global financial crisis were similar, but the roads out could not be more different. Common wisdom has it that on impact Asia endured fiscal austerity imposed by the IMF whereas the IMF recommended stimulus in the case of the advanced nations at the epicenter of the crisis in 2008-09. While the IMF did recommend different policies to begin with, the fiscal adjustment in Asia was far more modest than is commonly known and the switch from stimulus to austerity in Europe was quite abrupt. The difference in fiscal stance helps explain the difference in the post-crisis paths of output and employment in the two regions. |
| 主题 | Macroeconomics ; Fiscal Policy ; International Economics ; International Macroeconomics ; Globalization and International Relations ; Development and Growth ; Development ; Country Studies |
| URL | https://www.nber.org/papers/w19840 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577514 |
| 推荐引用方式 GB/T 7714 | Anusha Chari,Peter Blair Henry. Two Tales of Adjustment: East Asian Lessons for European Growth. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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