An expansionary fiscal policy lowers tax rates or increases spending to increase aggregate demand and fuel economic growth. A contractionary fiscal policy raises rates or cuts spending to ...

Domenico Ferraro, PhD: “Fiscal policy measures that increase the federal deficit as a percent of the Gross Domestic Product (GDP) are typically considered expansionary. In contrast, fiscal ...

Pill, Huw. "Fiscal Policy and the Case of Expansionary Fiscal Contraction in Ireland in the 1980s." Harvard Business School Background Note 705-015, December 2004. (Revised December 2004.) ...