Why Fiscal Stimulus is Unlikely to Work

被引:4
作者
Hassett, Kevin A. [1 ]
机构
[1] Amer Enterprise Inst Publ Policy Res, Washington, DC 20036 USA
关键词
ECONOMIC-GROWTH; GOVERNMENT EXPENDITURE; POLICY; TAXES;
D O I
10.1111/j.1468-2362.2009.01237.x
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper reviews the empirical literature on countercyclical policy. It finds that three types of countercyclical policies have been studied in the literature: built-in stabilizers, temporary policy changes and more permanent policy changes. The literature is decidedly mixed on the effectiveness of temporary changes, but more hopeful concerning the other two.
引用
收藏
页码:75 / 91
页数:17
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