Blog Tag: Fiscal Stimulus

Farewell to Keynes? Not so fast…

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In the June 8 edition of the Financial Times, Jeffrey Sachs published a provocative assault on Keynesian stimulus.  Specifically, Sachs argued that it was a “dubious proposition” that Keynesian stimulus through expenditure on “shovel-ready projects” could actually “combine short-term cyclical and long-term structural agendas.”  To Sachs, fiscal stimulus on anything but social protection grounds is […]

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