Introduction to "Fiscal Policy after the Financial Crisis"
Chapter in NBER book Fiscal Policy after the Financial Crisis (2013), Alberto Alesina and Francesco Giavazzi, editors (p. 1 - 18)
This introductory chapter presents the main themes covered in this book. Specifically, it discusses key issues arising from the most recent financial crisis, including discretionary countercyclical fiscal policy, long-term accumulation of debt, and deficit reduction.
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This paper was revised on April 30, 2012
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