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Fiscal Policy in a Depressed Economy

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  • J. Bradford DeLong
  • Lawrence H. Summers

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Bibliographic Info

Article provided by Economic Studies Program, The Brookings Institution in its journal Brookings Papers on Economic Activity.

Volume (Year): 44 (2012)
Issue (Month): 1 (Spring) ()
Pages: 233-297

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Handle: RePEc:bin:bpeajo:v:44:y:2012:i:2012-01:p:233-297

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Keywords: macroeconomics; fiscal policy; depression; interest rates; unemployment;

References

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  1. Alan J. Auerbach & Yuriy Gorodnichenko, 2012. "Fiscal Multipliers in Recession and Expansion," NBER Chapters, National Bureau of Economic Research, Inc, in: Fiscal Policy after the Financial Crisis, pages 63-98 National Bureau of Economic Research, Inc.
  2. Jonathan A. Parker, 2011. "On Measuring the Effects of Fiscal Policy in Recessions," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 49(3), pages 703-18, September.
  3. N. Gregory Mankiw & Matthew weinzierl, 2011. "An Exploration of Optimal Stabilization Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, Economic Studies Program, The Brookings Institution, vol. 42(1 (Spring), pages 209-272.
  4. Olivier J. Blanchard & Lawrence H. Summers, 1986. "Hysteresis and the European Unemployment Problem," NBER Working Papers 1950, National Bureau of Economic Research, Inc.
  5. John B. Taylor, 2011. "An Empirical Analysis of the Revival of Fiscal Activism in the 2000s," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 49(3), pages 686-702, September.
  6. Layard, Richard & Nickell, Stephen & Jackman, Richard, 1991. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780198284345, October.
  7. Valerie A. Ramey, 2011. "Can Government Purchases Stimulate the Economy?," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 49(3), pages 673-85, September.
  8. Kim B. Clark & Lawrence H. Summers, 1982. "Labor Force Participation: Timing and Persistence," NBER Working Papers 0977, National Bureau of Economic Research, Inc.
  9. Byrd L. Jones, 1978. "Lauchlin Currie, Pump Priming, and New Deal Fiscal Policy, 1934-1936," History of Political Economy, Duke University Press, Duke University Press, vol. 10(4), pages 509-524, Winter.
  10. Engelbert Stockhammer & Simon Sturn, 2008. "The Impact of Monetary Policy on Unemployment Hysteresis," IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute 15-2008, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  11. Jeffrey Clemens & Stephen Miran, 2012. "Fiscal Policy Multipliers on Subnational Government Spending," American Economic Journal: Economic Policy, American Economic Association, American Economic Association, vol. 4(2), pages 46-68, May.
  12. John B. Taylor, 2000. "Reassessing Discretionary Fiscal Policy," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 14(3), pages 21-36, Summer.
  13. Alan B. Krueger & Andreas Mueller, 2011. "Job Search, Emotional Well-Being and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, Economic Studies Program, The Brookings Institution, vol. 42(1 (Spring), pages 1-81.
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