Modern Perspectives on Stabilization Policies
Copyright policy )Modern Perspectives on Stabilization Policies
The present paper describes recent research on two central themes of Keynes General Theory: (i) the social waste associated with recessions, and (ii) the effectiveness of fiscal policy as a stabilization tool. The paper also discusses some evidence on the extent to which fiscal policy has been used as a stabilizing tool in industrial economies over the past two decades.
- Centre de Recerca en Economia Internacional Spain
- Massachusetts Institute of Technology United States
- Universitat Pompeu Fabra Spain
- National Bureau of Economic Research United States
business cycles, inefficient allocations, government spending multiplier, non-Ricardian households, countercyclical policies, business cycles, inefficient allocations, non-ricardian households, Macroeconomics and International Economics, Business cycles, inefficient allocations, government spending multiplier, non-Ricardian households, countercyclical policies, countercyclical policies, government spending multiplier, jel: jel:E32, jel: jel:E63
business cycles, inefficient allocations, government spending multiplier, non-Ricardian households, countercyclical policies, business cycles, inefficient allocations, non-ricardian households, Macroeconomics and International Economics, Business cycles, inefficient allocations, government spending multiplier, non-Ricardian households, countercyclical policies, countercyclical policies, government spending multiplier, jel: jel:E32, jel: jel:E63
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).1 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!