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Intragovernmental Autonomous Stabilizers, Alex Williams
Intragovernmental Autonomous Stabilizers, Alex Williams
Theses - Graduate Programs in Economic Theory and Policy
We present a novel framework for understanding the relationship between the federal and state governments of the United States of America. Drawing on the experience of state government finances during and after the Great Recession in 2008, we propose the establishment of novel intragovernmental budgetary stabilization mechanisms. We draw out the flawed arguments of the existing fiscal federalism literature and demonstrate how the work of Michael Pettis and Modern Monetary Theory provide more usable insights when crafting public policy. We propose several potential policy responses and produce a counterfactual model of state finances after the Great Recession using the new …
Non-Increasing Cost Functions: Making The Connection Between Keynesian And Neoclassical Macroeconomics, Max Von Holtzendorff
Non-Increasing Cost Functions: Making The Connection Between Keynesian And Neoclassical Macroeconomics, Max Von Holtzendorff
Theses - Graduate Programs in Economic Theory and Policy
No abstract provided.