Journal Article
Fiscal policy in the Great Recession and lessons from the past
Abstract: The recent behavior of key fiscal policy variables draws some parallels with the U.S. experience in the Civil War and the two world wars. A specific concern is the possibility of high inflation to finance the accumulated debt.
Keywords: Recessions; Fiscal policy;
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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/12/ES_2012-01-06.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2012
Order Number: 1