The lack of an empirical rationale for a revival of discretionary fiscal policy

CESifo Forum

Volumn 10, Issue 2, 2009, Pages 9-13

  Taylor, John B ^a  

^a STANFORD UNIVERSITY   (United States)

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[No Author keywords available]

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EID: 70350006855     PISSN: 1615245X     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (14)

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2. Broda, C. and J. Parker (2008), The Impact of the 2008 Tax Rebates on Consumer Spending: A First Look at the Evidence, Northwestern University, mimeo.
3. Bureau of Economic Analysis (2001), Personal Income and Outlays, September, http://www.bea.gov/newsreleases/national/pi/2001/pi0901.htm.
4. Bureau of Economic Analysis (2008), Personal Income and Outlays, October, http://www.bea.gov/newsreleases/national/pi/2008/pi0808.htm.
5. Congressional Budget Office (2008), Options for Responding to Short-Term Economic Weakness, January,Washington DC.
6. Council of Economic Advisers (2008), The Case for Fiscal Policy to Forestall Economic Slowdown, Executive Office of the President, mimeo.
7. Eichenbaum, M. (1997), "Some Thoughts on Practical Stabilization Policy", American Economic Review 87, 236-239.
8. Elmendorf,D.W. and J. Furman (2008), If, When, How: A Primer on Fiscal Stimulus, Brookings Institution, mimeo.
9. Feldstein, M. (2002), The Role for Discretionary Fiscal Policy in a Low Interest Rate Environment, NBER Working Paper W9203.
10. Johnson, D., J. Parker and N. Souleles (2006), "Household Expenditure and the Income Tax Rebates of 2001", American Economic Review, 96, 1589-1610.
11. Summers, L. (2008), Fiscal Stimulus Issues, Testimony before the Joint Economic Committee, January 16, Washington DC.
12. Taylor, J. B. (1992), Macroeconomic Policy in a World Economy, New York:W.W. Norton.
13. Taylor, J. B. (2000), "Reassessing Discretionary Fiscal Policy", The Journal of Economic Perspectives 14, 21-36.
14. Zandi, M. (2008), Economic Stimulus for Small Business: A Look Back and Assessing Need for Additional Relief, Testimony before House Committee on Small Business, July 24, Washington DC.