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Modern perspectives on fiscal stabilization policies

Galí, Jordi - In: CESifo economic studies : CESifo, a joint initiative of … 51 (2005) 4, pp. 587-599

The present paper describes recent research on two central themes of Keynes' General Theory: (i) the social waste associated with recessions, and (ii) the effectiveness of fiscal policy as a stabilization tool. The paper also discusses some evidence on the extent to which fiscal policy has been...

Persistent link: https://www.econbiz.de/10003229172