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The Short- and Long-Run Damages of Fiscal Austerity: Keynes beyond Schumpeter

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Contemporary Issues in Macroeconomics

Part of the book series: International Economic Association Series ((IEA))

Abstract

In this work, we employ the Keynes+Schumpeter (K+S) agent-based model (Dosi et al., 2010, 2013, 2015) to compare short- and long-run effects of Keynesian fiscal policies vis-à-vis austerity rules.

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Author information

Authors and Affiliations

  1. Scuola Superiore Sant’Anna, Pisa, Italy

    Giovanni Dosi, Andrea Roventini & Tania Treibich

  2. OFCE and SKEMA Business School, Sophia-Antipolis, France

    Mauro Napoletano, Andrea Roventini & Tania Treibich

  3. Maastricht University, the Netherlands

    Tania Treibich

Authors
  1. Giovanni Dosi
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  2. Mauro Napoletano
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  3. Andrea Roventini
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  4. Tania Treibich
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Editor information

Editors and Affiliations

  1. Columbia University, USA

    Joseph E. Stiglitz (University Professor) (University Professor)

  2. Columbia University Business School, USA

    Martin Guzman (Postdoctoral Research Fellow, Associate Professor) (Postdoctoral Research Fellow, Associate Professor)

  3. University of Buenos Aires, Argentina

    Martin Guzman (Postdoctoral Research Fellow, Associate Professor) (Postdoctoral Research Fellow, Associate Professor)

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© 2016 Giovanni Dosi, Mauro Napoletano, Andrea Roventini, and Tania Treibich

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Dosi, G., Napoletano, M., Roventini, A., Treibich, T. (2016). The Short- and Long-Run Damages of Fiscal Austerity: Keynes beyond Schumpeter. In: Stiglitz, J.E., Guzman, M. (eds) Contemporary Issues in Macroeconomics. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137529589_9

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