English, Article, Journal or magazine article edition: Modern Perspectives on Stabilization Policies Jordi Galí

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Bookmark: http://trove.nla.gov.au/version/154224
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Modern Perspectives on Stabilization Policies
Author
  • Jordi Galí
Physical Description
  • preprint
Notes
  • 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 used as a stabilizing tool in industrial economies over the past two decades.
  • business cycles, inefficient allocations, government spending multiplier, non-Ricardian households, countercyclical policies
  • RePEc:upf:upfgen:830
Language
  • English
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