NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Does Fiscal Policy Matter? Blinder and Solow Revisited

Roger E.A. Farmer, Dmitry Plotnikov

NBER Working Paper No. 16644
Issued in December 2010

---- Acknowledgements -----

We wish to thank the National Science Foundation for funding this research under grant 0720839. The title of this paper is borrowed from Blinder and Solow (1973) who asked the same question nearly forty years ago in the context of the IS-LM model. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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