Policy

Monetary Policy Fiscal Policy

The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.

— John Kenneth Galbraith

Economics 302: Macroeconomic Analysis

Fiscal Policy

Background:

Blanchard, chapter 17 (pp. 364–368); chapter 23 (pp. 490–503); chapter 24 (pp. 518–525); chapter 26 (pp. 550–568).

Analysis:

Walsh, Carl E. "The Role of Fiscal Policy," Federal Reserve Bank of San Francisco Economic Letter #2002-26, September 6, 2002.
"Remember Fiscal Policy?" The Economist, January 17, 2002.
"The Price of Profligacy," The Economist, January 23, 2003.

In The News:

Jones, Charles I. "The Fiscal Problem of the 21st Century," Federal Reserve Bank of San Francisco Economic Letter #2003-27, September 19, 2003.
"America's Deficits: A Flood Of Red Ink?" The Economist, November 6, 2003.
Krueger, Alan B. "Why Tax Cuts Will Not Pay Off," The New York Times, June 26, 2003.
"Tax Cut Lessons" Editorial, The Wall Street Journal, April 30, 2004.

Going Further:

Taylor, John B. "Reassessing Discretionary Fiscal Policy," The Journal of Economic Perspectives, v. 14, n. 3, Summer 2000, pp. 21–36.
"Helping Hands, Grabbing Hands," Survey of the 20^th Century, The Economist, September 9, 1999.
Madrick, Jeff. "Does Big Government Hurt Economic Growth?" The New York Times, April 15, 2004.