Fiscal Policy
Topic 1: Simple Keynesian Fiscal Policy
Topic 2: Permanent and Transitory Income Effects
of Tax Policy
Topic 3: Money Financed Tax Cuts
Topic 4: Tax Cuts Financed by Issuing Public Debt:
Ricardian Equivalence
Topic 5: Liquidity Constraints and the Market for
Human Capital
Topic 6: Intergenerational Transfers
Topic 7: Government Expenditure Policy: Crowding Out
John E. Floyd
Professor of Economics, University of Toronto
Toronto, Ontario, Canada
Copyright, John E. Floyd
j.floyd@utoronto.ca