Recommended readings (Machine generated): Alesina, A. and S. Ardagna (1998) 'Tales of Fiscal Adjustment', Economic Policy, October: 489-545 -- Alesina, A. and R. Perotti (1995) 'Fiscal Expansion and Adjustments in OECD Countries', Economic Policy, 10 (21): 205-48 -- Alesina, A. and R. Perotti...

Just as the 1929 Stock Market Crash discredited Classical economic theory and policy and opened the way for Keynesianism, a consequence of the collapse of confidence in financial markets and the banking system - and the effect that this has had on the global macro economy - is currently...