Relevance of Countercyclical Fiscal Policy and Fiscal Acyclicality
This literature review examines the effectiveness of countercyclical fiscal policies in stabilizing output and enhancing welfare, with a focus on the correlation between public spending cycles and GDP cycles. The study analyzes examples from Sweden and Argentina to showcase the impact of fiscal poli
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Monetary Policy 10 Years After the Crisis: Lessons Learned
Explore the evolution of monetary policy post-crisis, including definitions of monetary and fiscal policies, liquidity traps, and the Federal Reserve's actions during the Great Recession. Key lessons learned emphasize the importance of countercyclical policies, effective use of quantitative easing (
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