How to Combat Recession Stimulus Without Debt
Stimulus-without-debt consists of a transfer (not loan) from the Federal Reserve to the Treasury so that the Treasury does not have to borrow to finance fiscal stimulus enacted by Congress. Seidman explains all aspects of this new way to combat recession, stimulus-without-debt. He presents evidence that fiscal stimulus works in a recession-it increases aggregate demand which stimulates production and employment. He explains why the fiscal stimulus should consist primarily of tax rebates for households plus several fiscal supplements. His analysis covers basic foundations as well as implications for inflation, central banks, and how to address secular stagnation. When the next recession hits, we will be ready to combat it if we know how to use fiscal stimulus without increasing government debt. Seidman shows us how.
Publisher Name | Oxford University Press USA |
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Author Name | Hagendorf, Col |
Format | Audio |
Bisac Subject Major | POL |
Language | NG |
Isbn 10 | 0190462175 |
Isbn 13 | 9780190462178 |
Target Age Group | min:NA, max:NA |
Dimensions | 00.83" H x 00.05" L x 60.00" W |
Page Count | 248 |
Laurence Seidman is Chaplin Tyler Professor of Economics at the University of Delaware. He is the author of 12 books and has been featured in the American Economic Review, the Journal of Political Economy, and the Brookings Papers on Economic Activity among others on topics in macroeconomics and public finance economics.