Economics, Econometrics and Finance
4 years ago

Fiscal policy can stabilize economies, but political barriers may hinder progress.

2 views
Oxford Review of Economic Policy
Fiscal Stabilization Policy and Fiscal Institutions
Campbell Leith

Paper Summary

The article discusses how tax and spending policies can help stabilize the economy during ups and downs. These policies can be effective even when considering their negative effects and the need to manage debt. However, political concerns may hinder their use. The article also explores new ideas for better fiscal policies.

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