No ordinary recession: There is much to fear beyond fear itself
No ordinary recession Axel Leijonhufvud13 February 2009This recession is different. Balance sheets of consumers, firms, and banks are under strain. The private sector is bent on reducing debt and this...
View ArticleA lot of bucks, but how much bang?
A lot of bucks, but how much bang? Richard Clarida16 March 2009Policymakers have committed substantial sums to addressing the global recession and the global financial crisis, but there is real doubt...
View ArticleWhy we need not fear that a bigger stimulus will be counterproductive
Why we need not fear that a bigger stimulus will be counterproductive J. Bradford DeLong16 March 2009There are legitimate reasons to fear that deficit-spending fiscal boost programs will not work well...
View ArticleAgainst European fiscal stimulus
Eurozone stimulus: A myth, some facts, and impact estimates Volker Wieland05 September 2009Eurozone governments have engaged in substantial fiscal stimulus. This column argues against further fiscal...
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Design and effectiveness of fiscal-stimulus programmes
Design and effectiveness of fiscal-stimulus programmes Robert Barro, Charles Redlick30 October 2009The recent global recession has made the efficacy of fiscal-stimulus packages one of the most...
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The effectiveness of fiscal and monetary stimulus in depressions
The effectiveness of fiscal and monetary stimulus in depressions Barry Eichengreen, Kevin Hjortshøj O’Rourke, Miguel Almunia, Agustín S. Bénétrix, Gisela Rua18 November 2009There is one important...
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Why Cash for Clunkers reduced spending on new vehicles
Did the Cash for Clunkers stimulus programme reduce new vehicle spending? Mark Hoekstra, Steve Puller, Jeremy West03 September 2014‘Cash for Clunkers’ was billed as a stimulus programme that would...
View ArticleEurozone recovery: there are no shortcuts
Eurozone recovery: there are no shortcuts Roberto Perotti13 September 2014There is a growing consensus that austerity is contributing to the Eurozone’s macroeconomic malaise, but also that spending...
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The US learned the wrong lessons from WWI
The halo of victory: What Americans learned from World War I Hugh Rockoff04 October 2014World War I profoundly altered the structure of the US economy and its role in the world economy. However, this...
View ArticleGreen policies to promote Eurozone growth
How to climb a mountain with both hands tied Jean Pisani-Ferry07 November 2014A triple-dip recession in the Eurozone is now a distinct possibility. This column argues that additional monetary stimulus...
View ArticleWhy Keynes is important today
Why Keynes is important today Peter Temin, David Vines14 November 2014The current debate on the efficacy of Keynesian stimulus mirrors the resistance Keynes met with when initially advocating his...
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Austerity and recovery: East Asian lessons for Europe
Austerity and recovery: East Asian lessons for Europe Anusha Chari, Peter Blair Henry06 March 2015In the wake of the Great Recession, a contentious debate has erupted over whether austerity is helpful...
View ArticleWhy we need not fear that a bigger stimulus will be counterproductive
Why we need not fear that a bigger stimulus will be counterproductive Bradford DeLong 16 March 2009There are legitimate reasons to fear that deficit-spending fiscal boost programs will not work well...
View ArticleAgainst European fiscal stimulus
Eurozone stimulus: A myth, some facts, and impact estimates Volker Wieland 05 September 2009Eurozone governments have engaged in substantial fiscal stimulus. This column argues against further fiscal...
View ArticleClik here to view.
Design and effectiveness of fiscal-stimulus programmes
Design and effectiveness of fiscal-stimulus programmes Robert Barro, Charles Redlick 30 October 2009The recent global recession has made the efficacy of fiscal-stimulus packages one of the most...
View ArticleClik here to view.
The effectiveness of fiscal and monetary stimulus in depressions
The effectiveness of fiscal and monetary stimulus in depressions Barry Eichengreen, Kevin O’Rourke, Miguel Almunia, Agustin Bénétrix, Gisela Rua 18 November 2009There is one important source of...
View ArticleClik here to view.
Why Cash for Clunkers reduced spending on new vehicles
Did the Cash for Clunkers stimulus programme reduce new vehicle spending? Mark Hoekstra, Steve Puller, Jeremy West 03 September 2014‘Cash for Clunkers’ was billed as a stimulus programme that would...
View ArticleEurozone recovery: there are no shortcuts
Eurozone recovery: there are no shortcuts Roberto Perotti 13 September 2014There is a growing consensus that austerity is contributing to the Eurozone’s macroeconomic malaise, but also that spending...
View ArticleClik here to view.
The US learned the wrong lessons from WWI
The halo of victory: What Americans learned from World War I Hugh Rockoff 04 October 2014World War I profoundly altered the structure of the US economy and its role in the world economy. However, this...
View ArticleGreen policies to promote Eurozone growth
How to climb a mountain with both hands tied Jean Pisani-Ferry 07 November 2014A triple-dip recession in the Eurozone is now a distinct possibility. This column argues that additional monetary...
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