Keynesian Fiscal Policy (Auerbach)

The fall and rise of Keynesian Fiscal Policy by Alan J. Auerbach indicated by Isaias Coelho. “This paper reviews the recent evolution of thinking and evidence regarding the effectiveness of activist fiscal policy, including how policy multipliers might vary with respect to economic conditions. Like many other countries that were hit by the ‘Great Recession’, the United States responded initially with active fiscal policy measures.”