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Questions about fiscal policy: Implications from the financial crisis of 2008-2009

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  • N. Gregory Mankiw

Abstract

This article is a modified version of remarks given at the Federal Reserve Bank of Philadelphia?s policy forum ?Policy Lessons from the Economic and Financial Crisis,? December 4, 2009. The presentation was made during a panel discussion that also included James Bullard and John Taylor.

Suggested Citation

  • N. Gregory Mankiw, 2010. "Questions about fiscal policy: Implications from the financial crisis of 2008-2009," Review, Federal Reserve Bank of St. Louis, vol. 92(May), pages 177-183.
    • Handle: RePEc:fip:fedlrv:y:2010:i:may:p:177-183:n:v.92no.3
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    1. Edward C. Prescott, 2004. "Why do Americans work so much more than Europeans?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 28(Jul), pages 2-13.
    2. Christina D. Romer & David H. Romer, 2010. "The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks," American Economic Review, American Economic Association, vol. 100(3), pages 763-801, June.
    3. Andrew Mountford & Harald Uhlig, 2009. "What are the effects of fiscal policy shocks?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(6), pages 960-992.
    4. Alberto Alesina & Silvia Ardagna, 2010. "Large Changes in Fiscal Policy: Taxes versus Spending," NBER Chapters, in: Tax Policy and the Economy, Volume 24, pages 35-68, National Bureau of Economic Research, Inc.
    5. Alberto Alesina & Edward L. Glaeser & Bruce Sacerdote, 2005. "Work and Leisure in the U.S. and Europe: Why So Different?," NBER Working Papers 11278, National Bureau of Economic Research, Inc.
    6. Olivier Blanchard, 2004. "The Economic Future of Europe," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 3-26, Fall.
    7. Valerie A. Ramey, 2011. "Identifying Government Spending Shocks: It's all in the Timing," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(1), pages 1-50.
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    Cited by:

    1. Antoine Parent, 2012. "A critical note on "This time is different"," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 6(2), pages 211-219, May.
    2. Aan Jaelani, 2017. "Fiscal Policy in Indonesia: Analysis of State Budget 2017 in Islamic Economic Perspective," International Journal of Economics and Financial Issues, Econjournals, vol. 7(5), pages 14-24.
    3. Antoine Parent, 2011. "Jadis et Naguère, la vision des crises financières dans l'histoire, selon Reinhart et Rogoff," Revue économique, Presses de Sciences-Po, vol. 62(6), pages 1095-1104.
    4. Bartha, Zoltán & Sáfrányné Gubik, Andrea, 2012. "The significance of fiscal space in Europe’s response to the crisis," MPRA Paper 40346, University Library of Munich, Germany.
    5. Gautam Negi, 2021. "Fiscal Impulse And Sectoral Output €“ Evidence From Indian States," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 28, pages 151-167, December.
    6. Taki Fiti & Biljana Tashevska, 2013. "The European Debt Crisis And Its Implications On The Macedonian Economy," Journal Articles, Center For Economic Analyses, pages 25-42, June.
    7. Panayiotis P. Athanasoglou & Ioannis Daniilidis, 2011. "Procyclicality in the banking industry: causes, consequences and response," Working Papers 139, Bank of Greece.

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    Keywords

    Financial crises; Fiscal policy;

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