Automatic Fiscal Policies to Combat Recessions

ISBN-13: 9780765611109 / Angielski / Twarda / 2003 / 248 str.

Laurence S. Seidman

Opis

Drawing on the most prominent research in the field, this timely book offers bold new fiscal policies that can complement current automatic stabilizers and counter-cyclical monetary policy to help combat recessions. Dr. Seidman argues for an independent fiscal policy board or the Federal Reserve to decide changes in the magnitude of Congress's fiscal policy package of stimulus or restraint, with recommendations going into effect immediately, subject only to Congressional override.

Spis treści

Part 1
; Chapter 1 Fiscal Policy to Combat a Severe Recession; Chapter 2 An Automatic Transfer; Chapter 3 An Automatic Temporary Consumption Tax Cut; Chapter 4 Fiscal Discipline with NUBAR; Chapter 5 A Fiscal Policy Advisory Board; Part2; Chapter 6 Recent Empirical Studies Relevant to Countercyclical Fiscal Policy; Chapter 7 The Tax Rebate in the 1975 Recession; Chapter 8 The Tax Rebate in the 2001 Recession; Chapter 9 Early Studies of Automatic Fiscal Policy; Part3; Chapter 10 Early Challenges to Countercyclical Fiscal Policy; Chapter 11 The New Classical Counterrevolution; Chapter 12 Fiscal Policy and the Ending of the Great Depression;

O autorze

Laurence S. Seidman