Auerbach, Alan J.; Gale, William G.; Harris, Benjamin H. - In: Journal of Economic Perspectives 24 (2010) 4, pp. 141-64
of activist fiscal policy. In this paper, we review the recent evolution of thinking and evidence regarding the … effectiveness of activist fiscal policy. Although fiscal interventions aimed at stimulating and stabilizing the economy have … returned to common use, their efficacy remains controversial. We review the debate about the traditional types of fiscal policy …