How to Tell if Fiscal Policy Works
I have a new column:
How to Tell if Fiscal Policy Works: There is a raging debate in the econo-blogosphere concerning the effectiveness of fiscal policy when the economy is in a deep recession. This question is important because monetary policy loses much of its effectiveness in severe downturns. ...
It's about how to determine if fiscal policy is effective, and the importance of establishing defensible baselines.
Posted by Mark Thoma on Tuesday, January 7, 2014 at 08:57 AM in Economics, Fiscal Policy, Fiscal Times |
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