Garrett, Thomas Andrew (contributor); … - 2005
1940, but Romer (1992) concludes that fiscal policy contributed “almost nothing” to
recovery from the Depression. Her … to have had
much impact on aggregate spending.
7
Although the stance of fiscal policy under President Roosevelt was not …. Romer (1992) also concludes that fiscal policy had little to
do with the recovery.
A recent study by Fishback, Horrace …