Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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In the box published in October, we focused primarily on forecasts made for European
economies in early 2010. The reason was simple: A number of large multiyear fiscal
consolidation plans were announced then, particularly in Europe, and conditions for larger-
than-normal multipliers were ripe.
First, because of the binding zero lower bound on nominal interest rates, central banks could
not cut interest rates to offset the negative short-term effects of a fiscal consolidation on
economic activity. Christiano, Eichenbaum, and Rebelo (2011) have shown, using a dynamic
stochastic general equilibrium (DSGE) model, that under such conditions, fiscal multipliers
can exceed 3.
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