Auerbach, Alan J.; Gorodnichenko, Yuriy; McCrory, Peter B. - National Bureau of Economic Research - 2021
countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal …In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While … policy in the current environment with widespread shelter-in-place ("lockdown") policies and the associated considerable …