The United States has implemented large-scale fiscal policy measures to help households and businesses cushion the economic fallout from the COVID-19 pandemic and to strengthen the recovery. The ...

Former Norman B. Ture Senior Fellow in the Economics of Fiscal Policy J.D. served as the Norman B. Ture Senior Fellow in Economics of Fiscal Policy The global economy is in a deep, synchronized ...

With a large economic downturn underway, the Administrations of George W. Bush and Barack Obama pushed for “stimulative” deficit spending in 2008 and 2009. According to Keynesian theories of economics ...

“QEs, near zero central bank interest rates, and token initial fiscal stimulus policies followed soon by austerity fiscal stimulus withdrawals, represent the economic recovery policy ‘mix’ for the US ...

A European Central Bank working paper assesses how a constrained monetary policy can alter the reaction of both output and inflation in response to a contractionary fiscal shock. Fiscal multipliers, ...

The scale and scope of government spending expansion in the last year are unprecedented. Because Uncle Sam doesn't have the money, lots of it went on the government's credit card. The deficit and debt ...

The terms "deposit multiplier" and "money multiplier" are often confused and used interchangeably because they are very closely related concepts and the distinction between them can be difficult to ...

Keynesian economics, as developed by economist John Maynard Keynes, comprise a theory of total spending in the economy and ...

The scale and scope of government spending expansion in the last year are unprecedented. Because Uncle Sam doesn’t have the money, lots of it went on the government’s credit card. The deficit and debt ...

A key to designing fiscal policy is understanding how government purchases affect economic output overall. Research suggests that expanding government spending is not very effective at stimulating an ...