Fiscal policy in the Great Recession and lessons from the past

Fernando Martin

Economic Synopses, 2012, No 1

Abstract: The recent behavior of key fiscal policy variables draws some parallels with the U.S. experience in the Civil War and the two world wars. A specific concern is the possibility of high inflation to finance the accumulated debt.

Keywords: Recessions; Fiscal policy (search for similar items in EconPapers)
Date: 2012
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