Tag Archives: Fiscal Policy

Lessons on Fiscal Policy Since the Recession by Laura Tyson

This column by Laura Tyson is worth reading: In late 2008, the United States economy was caught in the midst of what proved to be its longest and deepest recession since the end of World War II. Frightened by steep … Continue reading

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The Risks of Debt by Brad Delong

Here’s a column worth reading from Brad Delong: A country that spends and spends and spends and does not tax sufficiently will eventually run into debt-generated trouble. Its nominal interest rates will rise as bondholders fear inflation. Its business leaders … Continue reading

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The Role of Automatic Stabilizers in the U.S. Business Cycle

Alisdair McKay and Ricardo Reis have a new paper on automatic stabilizers with some interesting results on heterogeneous effects for different income groups. ABSTRACT: Most countries have automatic rules in their tax-and-transfer systems that are partly intended to stabilize economic … Continue reading

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Fiscal Policy as Stabilization Policy: What do we think now that we did not think in 2007?

Here’s a presentation that Brad Delong and Laura Tyson are giving at the IMF’s Fiscal Forum today. I helped put them put it together and make some of these graphs. Well worth checking out.

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Links: Deficits, Fiscal Policy in a Depressed Economy, Finance, & Moneyball for Judges

Moneyball for Judges by Cass Sunstein Dylan Matthews on Deficits (and Krugman follow up) Fiscal Policy in a Depressed Economy: Further Thoughts from Brad Delong Solow on American Finance (or Mark Thoma’s summary)

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Labs of Democracy & Today’s Fiscal Policy Debates

Here’s my latest Economix column on the labs of democracy & today’s fiscal policy debates on uncertainty, spending, and spending vs taxes: Many of the fiercest disagreements about fiscal policy today stem from disagreements about the causes of the slow … Continue reading

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Fiscal Policy and MPC Heterogeneity

Tullio Jappelli and Luigi Pistaferri have a recent paper called Fiscal Policy and MPC Heterogeneity. Here’s an interesting figure from it that shows how MPC varies by cash-on-hand: They aren’t the only ones who document MPC heterogeneity. Dynan, Skinner, Zeldes  have a … Continue reading

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