The academic literature on fiscal policy in the aftermath of the 2008 crisis: a Keynesian resurgence?

Marcelo Fantaccini Brito ()

Brazilian Journal of Political Economy, 2025, vol. 45, issue 3, 488-503

Abstract: After the 2008 global financial crisis, there was discussion about the possibilityof a Keynesian resurgence. Studies on this topic showed that the mainstream view facedsome changes but that they were limited. There has been growing interest in thematic multipliersand some acceptance of fiscal policy in special circumstances: recession with zero lowerbound. This article presents a bibliometric study comparing the immediate post-crisis period(2009-2015) to the period in which the crisis became more distant (2016-2022). Thestudy showed that the second period became even more distant to a Keynesian resurgence. JEL Classification: B00.

Keywords: Fiscal policy; new neoclassical synthesis; 2008 crisis; Keynes; bibliometric analysis (search for similar items in EconPapers)
Date: 2025
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