Fiscal Policy (Céspedes & Galí)

Fiscal policy and macroeconomic performance edited by Luiz Felipe Céspedes and Jordi Galí published by Banco Central de Chile indicared by Teresa Ter-Minassian. “After two decades of relative neglect, fiscal policy is back at the center of the economics research agenda. The fiscal developments around the global financial crisis of 2007-2009 and its aftermath are undoubtedly a mahor factor behind that comeback. The large fiscal stimulus packages adopteded by many countries in the face of large adverse shocks have triggered an unusually heated debate among academics,policymakers and commentators alike.” Some titles:”Taxes and the labor market”; “Fiscal multipliers and policy coordination”; “Floats, pegs and the transmission of fiscal policy”…