The lessons of the North Atlantic crisis for economic theory and policy

Joseph Stiglitz, 9 May 2013

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Editor’s note: This is the fourth of four columns sharing reflections on the recent IMF conference “Rethinking Macro Policy II: First Steps and Early Lessons”.

Topics: Macroeconomic policy
Tags: fiscal multiplier, fiscal stimulus

Preventing the next catastrophe: Where do we stand?

David Romer, 9 May 2013

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Editor’s note: This is the third of four columns sharing reflections on the recent IMF conference “Rethinking Macro Policy II: First Steps and Early Lessons”.

As I listened to the presentations and discussions, I found myself thinking about the conference (IMF 2013) from two perspectives:

Topics: Macroeconomic policy
Tags: fiscal multiplier, fiscal stimulus

Rethinking macroeconomic policy

Olivier Blanchard, 9 May 2013

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Editor's note: This is the second of four columns sharing reflections on the recent IMF conference “Rethinking Macro Policy II: First Steps and Early Lessons”.

Topics: Macroeconomic policy
Tags: fiscal multiplier, fiscal stimulus

The cat in the tree and further observations: Rethinking macroeconomic policy

George A. Akerlof, 9 May 2013

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Editor's note: This is the first of four columns sharing reflections on the recent IMF conference “Rethinking Macro Policy II: First Steps and Early Lessons”.

Topics: Macroeconomic policy
Tags: fiscal multiplier, fiscal stimulus

Does fiscal stimulus work in a monetary union? Evidence from US regions

Emi Nakamura, Jón Steinsson, 2 October 2011

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A major question facing many governments in the rich world today is whether we should try to stimulate the economy by increasing government spending. The professional opinion of economists regarding this question is sharply divided.

Topics: Macroeconomic policy
Tags: fiscal multiplier, monetary union, US

What is the size of the multiplier? An estimate one can’t refuse

Giancarlo Corsetti, Saverio Simonelli, Antonio Acconcia, 4 April 2011

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How much more demand, output, and employment can we expect from expansionary fiscal stimulus? Conversely, how much macroeconomic pain can we expect from a contraction dictated by the need to keep public debt on a sustainable path?

Topics: Frontiers of economic research, Macroeconomic policy
Tags: fiscal multiplier, fiscal stimulus, Italy, mafia, multiplier

How big are fiscal multipliers? New evidence from new data

Enrique G. Mendoza, Carlos A. Vegh , Ethan Ilzetzki, 1 October 2009

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The economics profession did not and does not agree on one question that is critical in the evaluating governments’ responses to the crisis: How large is the stimulus impact of fiscal spending?

Topics: Macroeconomic policy
Tags: fiscal multiplier, fiscal policy, global crisis, multiplier

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