Effects of Fiscal and Monetary Policy in the Great Recession
World economy is living a time of change, and the complexity of change has implied a new research agenda on the role of economic policy in society. The role, types and effects of economic policy have been major issues in economic science since its origins. Jean Tinbergen (1956)  established the basis for the traditional theory of economic policy in economics and he tried to show how economic knowledge could be organized to regulate and guide economic systems. Nevertheless, this traditional approach has been improved through several contributions, for example when Eggertsson (1997)  incorporated the existence of incomplete knowledge, endogenous politics and institutional change in the theory of economic policy. [...]
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- Coenen, Günter & Straub, Roland & Trabandt, Mathias, 2012.
"Fiscal policy and the 'Great Recession' in the euro area,"
Working Paper Series
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- Oh, Hyunseung & Reis, Ricardo, 2012.
"Targeted transfers and the fiscal response to the great recession,"
Journal of Monetary Economics,
Elsevier, vol. 59(S), pages S50-S64.
- Oh, Hyunseung & Reis, Ricardo, 2011. "Targeted transfers and the fiscal response to the great recession," CEPR Discussion Papers 8239, C.E.P.R. Discussion Papers.
- Hyunseung Oh & Ricardo Reis, 2011. "Targeted Transfers and the Fiscal Response to the Great Recession," NBER Working Papers 16775, National Bureau of Economic Research, Inc.
- Philip R. Lane, 2012. "The European Sovereign Debt Crisis," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 49-68, Summer.
- Alberto Alesina, 2012. "Fiscal Policy after the Great Recession," Atlantic Economic Journal, International Atlantic Economic Society, vol. 40(4), pages 429-435, December.
- Daniel Shoag, 2013. "Using State Pension Shocks to Estimate Fiscal Multipliers since the Great Recession," American Economic Review, American Economic Association, vol. 103(3), pages 121-24, May.
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