Fiscal policy appears to be particularly effective at shortening the duration of recessions. This suggests that an aggressive countercyclical fiscal stance—one that leans against the direction in ...

China has sufficient fiscal policy tools and ample flexibility ... in recent years will allow the country to deploy stronger countercyclical adjustments. The country will issue 1.3 trillion ...

However, in the above mentioned paper I show not only the asymmetric nature of business cycles, but also that counter-cyclical fiscal policy is only effective provided the level of debt to GDP is ...