Fiscal Policy: General Readings


A very basic discussion of fiscal policy from a Keynesian perspective can be found in N. Gregory Mankiw's intermediate text, Macroeconomics. Simply look in the index under Fiscal Policy and read the pages referenced. Unfortunately, Mankiw does not deal with wealth and crowding-out effects of fiscal policy. For a discussion of Ricardian Equivalence, read the chapter entitled The Debates over Government Debt. A better read for the fiscal policy issues discussed here is Part IV of Robert Barro's intermediate text, Macroeconomics, which is published by John Wiley and Sons.

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