Should-Read: David Cashin, Jamie Lenney, Byron Lutz, and William Peterman: Fiscal Policy and Aggregate Demand in the U.S. Before, During and Following the Great Recession: “We examine the effect of federal and subnational fiscal policy on aggregate demand in the U.S. by introducing the fiscal effect (FE) measure… https://www.federalreserve.gov/econres/feds/files/2017061pap.pdf …FE can be decomposed into three … Continue reading Should-Read: David Cashin, Jamie Lenney, Byron Lutz, and William Peterman: Fiscal Policy and Aggregate Demand in the U.S. Before, During and Following the Great Recession