Fiscal Policy: Alive and Well

Research Report

Fiscal Policy: Alive and Well

December 8, 1997

Abstract

Senior Fellow Eugene Steuerle discusses the state of fiscal policy. He notes that the conventional wisdom is that politicians have tired of thinking about fine-tuning the economy through tax and expenditure policy, while economists often argue that the nation's macroeconomic position should be regulated almost entirely through monetary policy. Like all conventional wisdom, he argues, this bit of lore is often misleading and sometimes wrong.

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