Today FDR's New Deal is regarded as the democratic ideal, the positive American response to the economic crisis that propelled Germany and Italy toward Fascism. Yet in the 1930s, these regimes were hardly considered antithetical. Cultural historian Schivelbusch investigates their shared elements...

This paper uses the strategy and data of Blanchard and Perotti (BP) to identify fiscal shocks and estimate fiscal multipliers for the United States. With these results, it computes the cumulative multiplier of Ramey and Zubairy (2018), now common in the literature. It finds that, contrary to the...

We adopt a comparative view of the stabilization policies designed and implemented in Bulgaria and Yugoslavia during the fatal economic crises of their regimes in late 1980s. The role of the IMF can be better highlighted by comparing “with (Yugoslavia)-without (Bulgaria)” scenarios in a...