The American Recovery and Reinvestment Act of 2009 is a massive piece of legislation that was enacted on the heels of the most significant financial crisis of modern time. It was aimed at avoiding a depression. The provisions of the Act were aimed at calming the panic that had gripped investors...

The article reviews announced fiscal stimulus packages in 43 countries. In March 2009, the total announced for stimulus plans is US$ 2.18 trillion, or 3.5% of world's GDP, mostly in higher income economies. The majority of these recovery packages contain measures to stimulate firms, consumers,...

Keynesian monetary and fiscal policies have served as the fundamental government reaction to economic hardship since the development of Keynesian economic theory. With Keynesian policies having a major impact on economic outcomes, the success and effectiveness of these policies must be...