Rethinking the role of fiscal policy / Martin S. Feldstein.
Material type:
TextSeries: Working paper series (National Bureau of Economic Research) ; no. 14684.Publication details: Cambridge, MA : National Bureau of Economic Research, 2009Description: 11 p. : ill. ; 22 cmSubject(s): Fiscal policy -- History -- 21st centuryLOC classification: HB1 | .N38 no.14684Online resources: Click here to access online Summary: As recently as two years ago there was a widespread consensus among economists that fiscal policy is not useful as a countercyclical instrument. Now governments in Washington and around the world are developing massive fiscal stimulus packages, supported by a wide range of economists in universities, governments, and businesses. Why has this change occurred? What are the principles for designing a potentially useful fiscal stimulus? And what will happen if the current fiscal stimulus fails?
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University of Macedonia Library Βιβλιοστάσιο Β (Stack Room B) | Research Papers | HB1.N38 no.14684 (Browse shelf (Opens below)) | 1 | Available | 0013125579 |
As recently as two years ago there was a widespread consensus among economists that fiscal policy is not useful as a countercyclical instrument. Now governments in Washington and around the world are developing massive fiscal stimulus packages, supported by a wide range of economists in universities, governments, and businesses. Why has this change occurred? What are the principles for designing a potentially useful fiscal stimulus? And what will happen if the current fiscal stimulus fails?
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