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The State of the Economy and Principles for Fiscal Stimulus
Fiscal Stimulus industrial production
2015/8/3
The financial crisis evidenced in Figure 1 can be traced to unusually low interest
rates in the early part of this decade which let to the housing boom and bust, and then to
massive delinquencies an...
Fiscal stimulus
Fiscal stimulus
2015/7/20
During the calm period in recent U.S. macroeconomic history, from the mid- 1980s to mid-2000s, stabilization policy relied mainly on monetary policy to deal with recessions, which were mild and many y...