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The academic literature on fiscal policy in the aftermath of the 2008 crisis: a Keynesian resurgence?

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  • Marcelo Fantaccini Brito

Abstract

After the 2008 global financial crisis, there was discussion about the possibilityof a Keynesian resurgence. Studies on this topic showed that the mainstream view facedsome changes but that they were limited. There has been growing interest in thematic multipliersand some acceptance of fiscal policy in special circumstances: recession with zero lowerbound. This article presents a bibliometric study comparing the immediate post-crisis period(2009-2015) to the period in which the crisis became more distant (2016-2022). Thestudy showed that the second period became even more distant to a Keynesian resurgence. JEL Classification: B00.

Suggested Citation

  • Marcelo Fantaccini Brito, 2025. "The academic literature on fiscal policy in the aftermath of the 2008 crisis: a Keynesian resurgence?," Brazilian Journal of Political Economy, Center of Political Economy, vol. 45(3), pages 488-503.
    • Handle: RePEc:ekm:repojs:v:45:y:2025:i:3:p:488-503:id:2516
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    Keywords

    Fiscal policy; new neoclassical synthesis; 2008 crisis; Keynes; bibliometric analysis;
    All these keywords.

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches

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