Have Postwar Fiscal Stimulus Policies Met the “Timely, Targeted, and Temporary” Principle?
President Barack Obama noted that fiscal stimulus polices should follow three T’s—timely, targeted, and temporary. This paper examines the government’s fiscal response to eleven postwar recessions in light of the three T’s. We find that the record is mixed at best. On average it took 10.9 months bef...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Economic & Business History Society
2017-06-01
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| Series: | Essays in Economic and Business History |
| Online Access: | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/358 |