The recent recession has brought fiscal policy back to the
forefront, with economists and policy makers struggling to reach a
consensus on issues like tax rates and government spending. At the
heart of the debate are fiscal multipliers, whose size and
sensitivity determine the power of such policies to influence
economic growth. "Fiscal Policy after the Financial Crisis" focuses
on the effects of fiscal stimuli and increased government spending,
with contributions that consider the measurement of the multiplier
effect and its size. Further contributions discuss the merits of
alternate means of debt reduction through decreased government
spending or increased taxes. A final section examines how the
short-term political forces driving fiscal policy might be balanced
with aspects of the long-term planning governing monetary policy.
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