Long term impacts of government fiscal contractions

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Is there much research into the long term impacts of government fiscal contractions.

I have heard about 2nd generation unemployed as a result of Thatcher's policies but that is very much anecdotal. What does the literature have to say on the matter?

I have left the interpretation of government fiscal contraction open so as to capture a broad variety of policies.

There are many articles focusing on short term impacts, not so much long term impacts

Reference no: EM13769413

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