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Rethinking Keynesian Fiscal Stimulus

Summary by Hoover Institution
Hoover Institution fellow Valerie Ramey talks about Keynesian fiscal stimulus re-emerging as an important policy tool when interest rates hit the effective lower bound during the Global Financial Crisis. Ramey discusses how temporary transfers, infrastructure spending, and other types of government purchases and tax programs are believed to be effective ways to fight recessions.

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Hoover Institution broke the news in on Friday, April 4, 2025.
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