{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2023,11,22]],"date-time":"2023-11-22T12:58:29Z","timestamp":1700657909741},"reference-count":40,"publisher":"Springer Science and Business Media LLC","issue":"1","license":[{"start":{"date-parts":[[2012,9,23]],"date-time":"2012-09-23T00:00:00Z","timestamp":1348358400000},"content-version":"tdm","delay-in-days":0,"URL":"http:\/\/www.springer.com\/tdm"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Open Econ Rev"],"published-print":{"date-parts":[[2013,2]]},"DOI":"10.1007\/s11079-012-9256-2","type":"journal-article","created":{"date-parts":[[2012,9,22]],"date-time":"2012-09-22T03:43:46Z","timestamp":1348285426000},"page":"79-100","source":"Crossref","is-referenced-by-count":5,"title":["Discretionary Government Consumption, Private Domestic Demand, and Crisis Episodes"],"prefix":"10.1007","volume":"24","author":[{"given":"Luca","family":"Agnello","sequence":"first","affiliation":[]},{"given":"Davide","family":"Furceri","sequence":"additional","affiliation":[]},{"given":"Ricardo M.","family":"Sousa","sequence":"additional","affiliation":[]}],"member":"297","published-online":{"date-parts":[[2012,9,23]]},"reference":[{"key":"9256_CR1","doi-asserted-by":"crossref","unstructured":"Abbas SA, Belhocine N, ElGanainy A, Horton M (2010) A historical public debt database. International Monetary Fund, IMF Working Paper No. 245","DOI":"10.2139\/ssrn.1750734"},{"issue":"3","key":"9256_CR2","doi-asserted-by":"crossref","first-page":"503","DOI":"10.1007\/s11127-009-9577-x","volume":"145","author":"A Afonso","year":"2010","unstructured":"Afonso A, Agnello L, Furceri D (2010) Fiscal policy responsiveness, persistence and discretion. Public Choice 145(3):503\u2013530","journal-title":"Public Choice"},{"key":"9256_CR3","unstructured":"Agnello L, Cimadomo J (2012) Discretionary fiscal policies over the cycle: new evidence based on the ESCB disaggregated approach. Int J Cent Bank, June issue"},{"key":"9256_CR4","doi-asserted-by":"crossref","unstructured":"Alesina A, Ardagna S (2010) Large changes in fiscal policy: taxes versus spending. In: Brown, JR (ed) Tax Policy Econ 24:35\u201368","DOI":"10.1086\/649828"},{"issue":"3","key":"9256_CR5","doi-asserted-by":"crossref","first-page":"571","DOI":"10.1257\/00028280260136255","volume":"92","author":"A Alesina","year":"2002","unstructured":"Alesina A, Ardagna S, Perotti R, Schiantarelli F (2002) Fiscal policy, profits, and investment. Am Econ Rev 92(3):571\u2013589","journal-title":"Am Econ Rev"},{"issue":"5","key":"9256_CR6","doi-asserted-by":"crossref","first-page":"1006","DOI":"10.1162\/JEEA.2008.6.5.1006","volume":"6","author":"A Alesina","year":"2008","unstructured":"Alesina A, Tabellini G, Campante FR (2008) Why is fiscal policy often procyclical? J Eur Econ Assoc 6(5):1006\u20131036","journal-title":"J Eur Econ Assoc"},{"key":"9256_CR7","doi-asserted-by":"crossref","first-page":"37","DOI":"10.1016\/j.euroecorev.2008.07.003","volume":"53","author":"S Ardagna","year":"2009","unstructured":"Ardagna S (2009) Financial markets\u2019 behavior around episodes of large changes in the fiscal stance. Eur Econ Rev 53:37\u201355","journal-title":"Eur Econ Rev"},{"key":"9256_CR8","doi-asserted-by":"crossref","first-page":"277","DOI":"10.2307\/2297968","volume":"58","author":"M Arellano","year":"1991","unstructured":"Arellano M, Bond S (1991) Some tests of specification for panel data: monte Carlo evidence and an application to employment equations. Rev Econ Stud 58:277\u2013297","journal-title":"Rev Econ Stud"},{"key":"9256_CR9","doi-asserted-by":"crossref","unstructured":"Baldacci E, Kumar MS (2010) Fiscal deficits, public debt, and sovereign bond yields. International Monetary Fund, IMF Working Paper No. 184","DOI":"10.2139\/ssrn.1669865"},{"key":"9256_CR10","unstructured":"Baldacci E, Gupta S, Mulas-Granados C (2009) How effective is fiscal policy response in systemic banking crises? International Monetary Fund, IMF Working Paper No. 160"},{"key":"9256_CR11","doi-asserted-by":"crossref","first-page":"439","DOI":"10.1257\/aer.98.1.439","volume":"98","author":"V Cerra","year":"2008","unstructured":"Cerra V, Saxena S (2008) Growth dynamics: the myth of economic recovery. Am Econ Rev 98:439\u2013457","journal-title":"Am Econ Rev"},{"key":"9256_CR12","doi-asserted-by":"crossref","unstructured":"Cerra V, Panizza U, Saxena S (2009) International evidence on recovery from recessions. International Monetary Fund, IMF Working Paper No. 183","DOI":"10.2139\/ssrn.1474591"},{"key":"9256_CR13","doi-asserted-by":"crossref","unstructured":"Cimadomo J (2012) Fiscal policy in real time. Scand J Econ, forthcoming","DOI":"10.1111\/j.1467-9442.2012.01697.x"},{"key":"9256_CR14","unstructured":"Cimadomo J, Kirchner M, Hauptmeier S (2010) Transmission of government spending shocks in the euro area: time variation and driving forces. European Central Bank, ECB Working Paper No. 1219"},{"key":"9256_CR15","unstructured":"Claessens CA, Klingebiel D, Laeven L (2004) Resolving systemic financial crises: policies and institutions. The World Bank, Policy Research Working Paper No. 3377"},{"issue":"1","key":"9256_CR16","doi-asserted-by":"crossref","first-page":"22","DOI":"10.1257\/mac.4.1.22","volume":"4","author":"G Coenen","year":"2012","unstructured":"Coenen G, Erceg C, Freedman C, Furceri D, Kumhof M, Lalonde R, Laxton D, Lind\u00e9 J, Mourougane A, Muir D, Mursula S, de Resende C, Roberts J, Roeger W, Snudden S, Trabandt M, in\u2019t Veld J (2012) Effect of fiscal stimulus in structural models. Am Econ J: Macroecon 4(1):22\u201368","journal-title":"Am Econ J: Macroecon"},{"key":"9256_CR17","doi-asserted-by":"crossref","first-page":"1419","DOI":"10.1162\/003355303322552838","volume":"118","author":"A Fat\u00e1s","year":"2003","unstructured":"Fat\u00e1s A, Mihov I (2003) The case for restricting fiscal policy discretion. Q J Econ 118:1419\u20131447","journal-title":"Q J Econ"},{"key":"9256_CR18","doi-asserted-by":"crossref","first-page":"101","DOI":"10.1016\/j.jpubeco.2005.02.005","volume":"90","author":"A Fat\u00e1s","year":"2006","unstructured":"Fat\u00e1s A, Mihov I (2006) The macroeconomics effects of fiscal rules in the US states. J Public Econ 90:101\u2013117","journal-title":"J Public Econ"},{"key":"9256_CR19","doi-asserted-by":"crossref","unstructured":"Fat\u00e1s A, Mihov I (2012) Policy volatility, institutions and economic growth. Rev Econ Stat, forthcoming","DOI":"10.1162\/REST_a_00265"},{"issue":"4","key":"9256_CR20","doi-asserted-by":"crossref","first-page":"516","DOI":"10.1111\/j.1467-6435.2011.00518.x","volume":"64","author":"D Furceri","year":"2011","unstructured":"Furceri D, Sousa RM (2011) The impact of government spending on the private sector: crowding-out versus crowding-in effects. Kyklos 64(4):516\u2013533","journal-title":"Kyklos"},{"key":"9256_CR21","unstructured":"Furceri D, Zdzienicka A (2010) The consequences of banking crises on public debt. OECD Economics Department Working Paper No. 801"},{"key":"9256_CR22","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1111\/j.1468-0351.2010.00395.x","volume":"17","author":"D Furceri","year":"2011","unstructured":"Furceri D, Zdzienicka A (2011) The real effects of financial crises in the European transition economies. Econ Transit 17:1\u201325","journal-title":"Econ Transit"},{"key":"9256_CR23","doi-asserted-by":"crossref","unstructured":"Giavazzi F, Pagano M (1990) Can severe fiscal contractions be expansionary? Tales of two small European countries. In Blanchard O and Fischer S (eds) NBER Macroeconomics Annual, MIT Press, Cambridge, Massachusetts, pp 75\u2013122","DOI":"10.1086\/654131"},{"key":"9256_CR24","unstructured":"Hamilton J (1994) Time series analysis. Princeton University Press, Princeton, New Jersey"},{"key":"9256_CR25","doi-asserted-by":"crossref","first-page":"1029","DOI":"10.2307\/1912775","volume":"50","author":"L Hansen","year":"1982","unstructured":"Hansen L (1982) Large sample properties of generalized method of moments estimators. Econometrica 50:1029\u20131054","journal-title":"Econometrica"},{"issue":"1","key":"9256_CR26","doi-asserted-by":"crossref","first-page":"123","DOI":"10.1016\/j.jpolmod.2007.04.005","volume":"30","author":"J Henry","year":"2008","unstructured":"Henry J, Hernandez de Cos P, Momigliano S (2008) The impact of government budgets on prices: evidence from macroeconometric models. J Policy Model 30(1):123\u2013143","journal-title":"J Policy Model"},{"issue":"6","key":"9256_CR27","doi-asserted-by":"crossref","first-page":"973","DOI":"10.1016\/j.jimonfin.2009.12.005","volume":"29","author":"M Hutchison","year":"2010","unstructured":"Hutchison M, Noy I, Wang L (2010) Fiscal and monetary policies and the cost of sudden stops. J Int Money Finance 29(6):973\u2013987","journal-title":"J Int Money Finance"},{"key":"9256_CR28","unstructured":"Ilzetki E, Vegh CA (2008) Procyclical fiscal policy in developing countries: truth or fiction? National Bureau of Economic Research, NBER Working Paper No. 14191"},{"key":"9256_CR29","volume-title":"From recession to recovery: how soon and how strong? world economic outlook, chapter 3","author":"International Monetary Fund","year":"2009","unstructured":"International Monetary Fund (2009) From recession to recovery: how soon and how strong? world economic outlook, chapter 3. International Monetary Fund, Washington, DC"},{"key":"9256_CR30","volume-title":"Will it hurt? macroeconomic effects of fiscal consolidation. Chapter 3 of the IMF\u2019s october 2010 \u201cworld economic outlook","author":"International Monetary Fund","year":"2010","unstructured":"International Monetary Fund (2010) Will it hurt? macroeconomic effects of fiscal consolidation. Chapter 3 of the IMF\u2019s october 2010 \u201cworld economic outlook. International Monetary Fund, Washington, DC"},{"issue":"3","key":"9256_CR31","doi-asserted-by":"crossref","first-page":"473","DOI":"10.1257\/aer.89.3.473","volume":"89","author":"G Kaminsky","year":"1999","unstructured":"Kaminsky G, Reinhart C (1999) The twin crises: the causes of banking and balance of payment problems. Am Econ Rev 89(3):473\u2013500","journal-title":"Am Econ Rev"},{"key":"9256_CR32","doi-asserted-by":"crossref","unstructured":"Laeven L, Valencia F (2008) Systemic banking crises: a new database. International Monetary Fund, IMF Working Paper No. 224","DOI":"10.2139\/ssrn.1278435"},{"key":"9256_CR33","volume-title":"Economic outlook","author":"Organisation for Economic Co-Operation and Development","year":"2009","unstructured":"Organisation for Economic Co-Operation and Development (2009) Economic outlook, vol 86. Organisation for Economic Co-Operation and Development, Paris"},{"issue":"1","key":"9256_CR34","doi-asserted-by":"crossref","first-page":"221","DOI":"10.2307\/2648877","volume":"25","author":"A Pagan","year":"1984","unstructured":"Pagan A (1984) Econometric issues in the analysis of regressions with generated regressors. Int Econ Rev 25(1):221\u2013247","journal-title":"Int Econ Rev"},{"key":"9256_CR35","unstructured":"Reinhart CM, Rogoff KS (2008) Banking crises: an equal opportunity menace. National Bureau of Economic Research, NBER Working Paper No. 14587"},{"issue":"2","key":"9256_CR36","doi-asserted-by":"crossref","first-page":"466","DOI":"10.1257\/aer.99.2.466","volume":"99","author":"CM Reinhart","year":"2009","unstructured":"Reinhart CM, Rogoff KS (2009a) The aftermath of financial crises. Am Econ Rev 99(2):466\u2013472","journal-title":"Am Econ Rev"},{"key":"9256_CR37","doi-asserted-by":"crossref","unstructured":"Reinhart CM, Rogoff KS (2009b) This time is different: a panoramic view of eight centuries of financial crises. Princeton University Press, Princeton, New Jersey","DOI":"10.3386\/w13882"},{"issue":"5","key":"9256_CR38","doi-asserted-by":"crossref","first-page":"1676","DOI":"10.1257\/aer.101.5.1676","volume":"101","author":"CM Reinhart","year":"2011","unstructured":"Reinhart CM, Rogoff KS (2011) From financial crash to debt crises. Am Econ Rev 101(5):1676\u20131706","journal-title":"Am Econ Rev"},{"key":"9256_CR39","doi-asserted-by":"crossref","first-page":"88","DOI":"10.1016\/j.najef.2009.11.006","volume":"21","author":"RM Sousa","year":"2010","unstructured":"Sousa RM (2010) Housing wealth, financial wealth, money demand and policy rule: evidence from the Euro area. North Am J Econ Finance 21:88\u2013105","journal-title":"North Am J Econ Finance"},{"key":"9256_CR40","doi-asserted-by":"crossref","unstructured":"Sousa RM (2012) Wealth, asset portfolio, money demand and policy rule. Bulletin of Economic Research, forthcoming.","DOI":"10.1111\/j.1467-8586.2011.00431.x"}],"container-title":["Open Economies Review"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/link.springer.com\/content\/pdf\/10.1007\/s11079-012-9256-2.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/link.springer.com\/article\/10.1007\/s11079-012-9256-2\/fulltext.html","content-type":"text\/html","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/link.springer.com\/content\/pdf\/10.1007\/s11079-012-9256-2","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,1,29]],"date-time":"2022-01-29T13:41:29Z","timestamp":1643463689000},"score":1,"resource":{"primary":{"URL":"http:\/\/link.springer.com\/10.1007\/s11079-012-9256-2"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2012,9,23]]},"references-count":40,"journal-issue":{"issue":"1","published-print":{"date-parts":[[2013,2]]}},"alternative-id":["9256"],"URL":"https:\/\/doi.org\/10.1007\/s11079-012-9256-2","relation":{},"ISSN":["0923-7992","1573-708X"],"issn-type":[{"value":"0923-7992","type":"print"},{"value":"1573-708X","type":"electronic"}],"subject":[],"published":{"date-parts":[[2012,9,23]]}}}