Public Stimulus Plans Rarely Work: The Evidence since the Early 90’s

Authors

  • Daniel Lacalle Professor Global Macroeconomics, IE Business School Author
  • Daniel Rodriguez Asensio Professor Global Macroeconomics, IE Business School Author

DOI:

https://doi.org/10.47363/JESMR/2021(2)133

Keywords:

Aggregate Demand, Aggregate Supply, Covid-19, Coronavirus, Fiscal Policy, Monetary Stimulus, Central Banks, Government, Crisis, Recovery, Demand-Side, Supply-Side

Abstract

Fiscal and monetary stimulus has become the new normal since early 90’s. Governments and central banks implement significant deficit spending and monetary stimulus plans even in periods of growth. The purpose of this paper is to examine the effectiveness of those policies, regarding short, medium, and large term effects.

Author Biographies

  • Daniel Lacalle, Professor Global Macroeconomics, IE Business School

    Professor Global Macroeconomics, IE Business School

  • Daniel Rodriguez Asensio, Professor Global Macroeconomics, IE Business School

    Professor Global Macroeconomics, IE Business School

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Published

2021-08-06

Issue

Vol. 2 No. 3 (2021): Volume 2 Issue 3

Section

Articles