Davig, Troy; Leeper, Eric M. - 2009
the recession of 2007-09 have been un-
usually aggressive, particularly in the United States. The Federal Reserve rapidly … rise from 40 percent in 2008 to 80
percent in 2019. With the exception of wars and the Great Depression, the projected … taxes are not expected
to fully finance the increase in government spending, and the usual negative wealth
effect on labor …