Friday, February 6, 2009

Fiscal stimulus: US vs. Japan

The Herald Tribune has today an interesting article on whether expansionary fiscal policy through increased government spending is or is not effective to pull an economy out of a severe recession (and, deflation).

The title is "Japan's big-works stimulus is lesson for U.S."

Easy reading that will help you with your background in long essays or data response questions on the effectiveness of demand side policies.

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