Fiscal policy and aggregate demand in the USA before, during, and following the Great Recession

We examine the direct effect of federal and subnational fiscal policy on aggregate demand in the USA by introducing the Fiscal Effect (FE) measure. FE can be decomposed into three components. Discretionary FE quantifies the effect of discretionary or legislated policy changes on aggregate demand. Cy...

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Veröffentlicht in:	International tax and public finance 2018-12, Vol.25 (6), p.1519-1558
Hauptverfasser:	Cashin, David, Lenney, Jamie, Lutz, Byron, Peterman, William
Format:	Artikel
Sprache:	eng
Schlagworte:	Aggregate demand Aging Business cycles Business Taxation/Tax Law Changes Economic development Economic models Economics Economics and Finance Entitlement Expenditures Fiscal policy GDP Government Great Recession Gross Domestic Product International taxation Policy making Population aging Public Finance Public policy Recessions Secularism Taxation
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