ABSTRACT
Drawing on the most prominent research in the field, this timely book offers bold new fiscal policies that can complement current automatic stabilizers and counter-cyclical monetary policy to help combat recessions. Dr. Seidman argues for an independent fiscal policy board or the Federal Reserve to decide changes in the magnitude of Congress's fiscal policy package of stimulus or restraint, with recommendations going into effect immediately, subject only to Congressional override.
TABLE OF CONTENTS
part |68 pages
Part I
chapter |18 pages
Fiscal Policy to Combat a Severe Recession
chapter |13 pages
An Automatic Temporary Consumption Tax Cut
chapter |11 pages
A Fiscal Policy Advisory Board
part |81 pages
Part II
chapter |25 pages
Recent Empirical Studies Relevant to Countercyclical Fiscal Policy
chapter |18 pages
The Tax Rebate in the 1975 Recession
chapter |25 pages
The Tax Rebate in the 2001 Recession
chapter |11 pages
Early Studies of Automatic Fiscal Policy
part |68 pages
Part III