Remarks before the Morris County Chamber of Commerce, Florham Park, New Jersey.

Remarks before the Bronx Chamber of Commerce at the New York Botanical Garden, Bronx, New York.

Remarks at New York University's Stern School of Business, New York City.

Remarks at Fordham University's Gabelli School of Business, Bronx, New York.

This paper quantifies the effects of two short-run fiscal policies, a temporary tax cut and a temporary rebate transfer, that are intended to stimulate economic activity. A reduction in income taxation provides immediate incentives to work and save more, raising aggregate output and consumption....