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Tuesday, August 23, 2016

Why We Need a Fiscal Policy Commission

I have a new column:

Why We Need a Fiscal Policy Commission: During the Great Recession, monetary policymakers were aggressive and creative in their attempts to revive the economy. I wish they had been even more aggressive, and at times they were a bit slow to react due to excessive fear of inflation and the tendency to see recovery just around the corner, but their overall response to the crisis was commendable. Unfortunately, monetary policy alone was far from enough to give the economy the help it needed. Fiscal policy was needed too. 
But fiscal policymakers let us down. ...

    Posted by on Tuesday, August 23, 2016 at 09:51 AM in Economics, Fiscal Policy, Fiscal Times, Politics | Permalink  Comments (93)


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