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Household Debt and the Effect of Fiscal Policy
(Private Enterprise Research Center, Texas A&M University, 2022-02-08)
Since the Great Recession, policymakers have increasingly relied on fiscal policy to stabilize and stimulate the economy. This Winter 2022 issue of PERCspectives on Research summarizes a paper by PERC’s Shirley A. Lynch ...
Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications
(Private Enterprise Research Center, Texas A&M University, 2021-02-15)
Many OECD countries have significantly increased spending on public pensions over the last half-century. As more retirees begin to draw benefits, policymakers have placed more focus on retrenchment reforms in order to keep ...
Household Debt Overhang and Transmission of Monetary Policy
(Private Enterprise Research Center, Texas A&M University, 2018-10-09)
During past recessions like the Great Recession, policy makers sought to boost the economy through fiscal and monetary policy changes. Taking into account the economy’s slow recovery, how effective were the monetary ...