Fiscal policies post-2008 recession: Germany, USA neutral; Greece, Italy negative.
The article examines how fiscal policies implemented by different countries since 2008 have affected their economic growth. By using estimates of fiscal multipliers, the researchers found that while countries like Germany, the UK, and the USA had neutral fiscal impacts, Greece, Ireland, Italy, Portugal, and Spain experienced large negative effects from their fiscal policies. This suggests that the type of fiscal policy adopted can play a significant role in shaping a country's economic performance after a recession.