Automatic Fiscal Policies to Combat Recessions.

Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- Acknowledgments -- Introduction -- Part I -- 1 Fiscal Policy to Combat a Severe Recession -- 2 An Automatic Transfer (Tax Rebate) -- 3 An Automatic Temporary Consumption Tax Cut -- 4 Fiscal Discipline With NUBAR (Normal Unemployment Balanced Budget Rule) -- 5 A Fiscal Policy Advisory Board -- Part II -- 6 Recent Empirical Studies Relevant to Countercyclical Fiscal Policy -- 7 The Tax Rebate in the 1975 Recession -- 8 The Tax Rebate in the 2001 Recession -- 9 Early Studies of Automatic Fiscal Policy -- Part III -- 10 Early Challenges to Countercyclical Fiscal Policy -- 11 The New Classical Counterrevolution: A False Path for Macroeconomics -- 12 Fiscal Policy and the Ending of the Great Depression -- References -- Index -- About the Author.

Offers fiscal policy options that can complement automatic stabilizers and counter-cyclical monetary policy to combat recessions. It argues for an independent fiscal policy board or the Federal Reserve to decide changes in the magnitude of Congress' fiscal policy package of stimulus or restraint.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.