| Description |
1 online resource (ix, 585 pages) : illustrations, maps |
| Series |
National Bureau of Economic Research conference report |
|
National Bureau of Economic Research conference report.
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| Contents |
Introduction / Alberto Alesina and Francesco Giavazzi -- Government Spending and Private Activity / Valerie A. Ramey -- Comment: Roberto Perotti -- Fiscal Multipliers in Recession and Expansion / Alan J. Auerbach and Yuriy Gorodnichenko -- Comment: Robert E. Hall -- The Household Effects of Government Spending / Francesco Giavazzi and Michael McMahon -- Comment: Lawrence J. Christiano -- The Role of Growth Slowdowns and Forecast Errors in Public Debt Crises / William Easterly -- Comment: Indira Rajaraman -- Game Over: Simulating Unsustainable Fiscal Policy / Richard W. Evans, Laurence J. Kotlikoff, and Kerk L. Phillips -- Comment: Douglas W. Elmendorf -- How Do Laffer Curves Differ Across Countries? / Mathias Trabandt and Harald Uhlig -- Comment: Jaume Ventura -- Perceptions and Misperceptions of Fiscal Inflation / Eric M. Leeper and Todd B. Walker -- Comment: Jordi Galí -- The 'Austerity Myth': Gain without Pain? / Roberto Perotti -- Comment: Philip R. Lane -- Can Public Sector Wage Bills Be Reduced? / Pierre Cahuc and Stephane Carcillo -- Comment: Paolo Pinotti -- Entitlement Reforms in Europe: Policy Mixes in the Current Pension Reform Process / Axel H. Börsch-Supan -- Comment: David A. Wise -- 'Fiscal Devaluation' and Fiscal Consolidation: The VAT in Troubled Times / Ruud de Mooij and Michael Keen -- Comment: James M. Poterba -- Fiscal Rules: Theoretical Issues and Historical Experiences / Charles Wyplosz -- Comment: Lucio R. Pench -- The Electoral Consequences of Large Fiscal Adjustments / Alberto Alesina, Dorian Carloni, and Giampaolo Lecce -- Comment: Thomas Romer |
| Summary |
The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political 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. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume 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 |
| Notes |
Papers presented at a conference held at the Università commerciale Luigi Bocconi in Milan, Italy, in December, 2011 |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Fiscal policy -- Congresses
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Fiscal policy -- United States -- Congresses
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Global Financial Crisis, 2008-2009 -- Congresses
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Economic history -- 21st century -- Congresses
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Economic history
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Fiscal policy
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United States
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| Genre/Form |
proceedings (reports)
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Conference papers and proceedings
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Conference papers and proceedings.
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Actes de congrès.
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| Form |
Electronic book
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| Author |
Alesina, Alberto.
|
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Giavazzi, Francesco.
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| ISBN |
022601858X |
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9780226018584 |
|
1299605141 |
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9781299605145 |
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