Topic Fiscal Policy

Congress plays an important role in combatting recessions and supporting economic growth. The money it sends to families, workers, businesses, and communities softens the toll of recessions. Well-designed fiscal policies boost income and employment for all Americans. Equitable Growth works to improve our understanding of different fiscal policies, including how they can reduce the pain of economic downturns, reduce inequality, and support growth.

Featured Work

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Tariff policies in 2025 increased input costs for key U.S. industries, threatening growth and investment

Tax & Macroeconomics
working paper

The Macroeconomic Effects of Tariffs: Evidence From U.S. Historical Data

Tax & Macroeconomics
report

What is austerity, and how does it affect the broader U.S. economy?

Inequality & MobilityTax & Macroeconomics
working paper

Why Financial Crises Recur

Inequality & MobilityTax & Macroeconomics
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Congressional Republicans’ budget bill is the most regressive in at least 40 years

Tax & MacroeconomicsInequality & MobilityFamilies
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Factsheet: Is the U.S. economy in a recession, and how does recession dating work?

Inequality & MobilityTax & Macroeconomics

Explore Content in Fiscal Policy162

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When will everyone who wants to work have a job in the United States?

Inequality & MobilityTax & Macroeconomics
Vision 2020

A modest tax reform proposal to roll back federal tax policy to 1997

Tax & MacroeconomicsInequality & Mobility
Vision 2020

Good U.S. monetary policy can’t fix bad U.S. fiscal policy

Inequality & MobilityTax & Macroeconomics
Vision 2020

Fighting the next recession in the United States with law and regulation, not just fiscal and monetary policies

Inequality & MobilityTax & Macroeconomics
Vision 2020

Race and the lack of intergenerational economic mobility in the United States

Inequality & MobilityTax & MacroeconomicsLabor
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Great Recession’s ‘lost generation’ shows importance of policies to ease next downturn

Tax & MacroeconomicsLabor
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Perceived fiscal space and the case for automatic stabilizers

Tax & Macroeconomics
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When the next recession hits, how will fiscal stimulus affect government debt sustainability?

Tax & Macroeconomics
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What kind of fiscal policy works best at the zero lower bound?

Tax & Macroeconomics
working paper

Fiscal policy stabilization: Purchases or transfers?

Tax & Macroeconomics
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Functional finance vs. conventional finance: What’s really at stake?

Tax & Macroeconomics
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How extending credit can fight recessions

Tax & Macroeconomics
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