Fiebiger, Brett; Lavoie, Marc - In: European Journal of Economics and Economic Policies: … 14 (2017) 3, pp. 314-332
In late 2008 a consensus was reached amongst global policymakers that fiscal stimulus was required to counteract the effects of the Great Recession, a view dubbed as the New Fiscalism. Pragmatism triumphed over the stipulations of the New Consensus Macroeconomics, which viewed discretionary...
