Depressed Economy (Delong & Summers)

Fiscal policy in a Depressed Economy by J. Bradford Delong and Lawrence H. Summers (2012). “This paper examines fiscal policy in the context of an economy suffering, like the United States today, from protracted high unemployment and output short of potencial. We argue that although the conventional wisdom articulated by John Taylor (2000) rejecting discretionary fiscal policy is appropriate in normal times…”Verificar em: https://brook.gs/2HJSfsw