| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18142 |
| 来源ID | Working Paper 18142 |
| \"Getting the Biggest Bang for the Buck in Fiscal Policy\" | |
| Miles S. Kimball | |
| 发表日期 | 2012-06-15 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | In ranking fiscal stimulus programs, it is useful to focus on the ratio of extra aggregate demand to extra national debt that results. This note argues that (because of repayment after the end of a recession) "national lines of credit"-that is, government-issued credit cards with countercyclical credit limits and favorable interest rates--would generate a higher ratio of extra aggregate demand to extra national debt than tax rebates. Because it involves government loans that are anticipated in advance to involve some losses and therefore involve a fiscal cost even after efforts to minimize losses, such a policy lies between traditional monetary policy and traditional fiscal policy. |
| 主题 | Macroeconomics ; Fiscal Policy |
| URL | https://www.nber.org/papers/w18142 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575818 |
| 推荐引用方式 GB/T 7714 | Miles S. Kimball. \"Getting the Biggest Bang for the Buck in Fiscal Policy\". 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18142.pdf（130KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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