Automatic Fiscal Policies to Combat Recessions

Laurence S. Seidman

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English

Routledge
28 February 2003

Monetary economics; Public finance

This timely book offers bold new fiscal policy options that can complement current automatic stabilizers and counter-cyclical monetary policy to combat recessions. Dr. Seidman acknowledges that most economists are justifiably skeptical of Congress's ability to implement discretionary counter-cyclical fiscal policy in a timely and effective manner, as indicated by the government's heavy reliance on monetary policy to stabilize the economy in recent decades. He argues for an independent fiscal policy board or the Federal Reserve to decide changes in the magnitude of Congress's fiscal policy package stimulus or restraint. Any recommendations would go into effect immediately without a congressional vote, subject only to congressional override. With thought provoking proposals like this, Dr. Seidman provides a fresh look at practical fiscal policy tools based on the most prominent research in the field.

By: Laurence S. Seidman
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 230mm, Width: 161mm, Spine: 17mm
Weight: 362g
ISBN: 9780765611116
ISBN 10: 0765611112
Pages: 248
Publication Date: 28 February 2003
Audience: College/higher education , Professional and scholarly , Professional & Vocational , A / AS level , Further / Higher Education
Format: Paperback
Publisher's Status: Active

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;

Laurence S. Seidman