Fiscal Policies for Job Creation and Innovation: The Experiences of US States by Robert S. Chirinko, Daniel J. Wilson published by IMF (1/2023)
“Crises can be catalysts. During the Global Financial Crisis, Rahm Emmanuel, President Obama’s chief of staff at the time, suggested that the 2008 calamity created the opportunity for new policies. Milton Friedman echoed a similar sentiment twenty-six years earlier. The postpandemic world may well provide similar prospects. As South Korea and other G20 economies emerge from the Covid-19 pandemic, it may be an opportune time to consider new solutions to extant challenges—creating jobs, crafting quality jobs, and adapting to structural changes due to “knowledge capital.”…”