Fiscal Policy and Business Cycles
E950849
"Fiscal Policy and Business Cycles" is an influential economic work by Alvin Hansen that analyzes how government taxation and spending can be used to stabilize economic fluctuations over the business cycle.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Fiscal Policy and Business Cycles canonical | 1 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
economic literature ⓘ |
| analyzes |
countercyclical fiscal policy
ⓘ
government spending ⓘ government taxation ⓘ |
| argues |
government should use budget deficits in recessions
ⓘ
government should use budget surpluses in booms ⓘ taxation and spending can stabilize output ⓘ |
| associatedWith |
Great Depression policy responses
ⓘ
United States economic policy debate ⓘ |
| author | Alvin Hansen NERFINISHED ⓘ |
| context | interwar and early postwar economic debates ⓘ |
| contributesTo |
postwar macroeconomic policy framework
ⓘ
theory of fiscal stabilization ⓘ |
| discusses |
employment stabilization
ⓘ
multiplier effects of government spending ⓘ national income fluctuations ⓘ public works programs ⓘ tax policy over the business cycle ⓘ |
| emphasizes |
importance of discretionary fiscal policy
ⓘ
role of automatic stabilizers ⓘ role of public investment ⓘ |
| field |
Keynesian economics
ⓘ
macroeconomics ⓘ |
| focusesOn |
aggregate demand management
ⓘ
business cycle stabilization ⓘ stabilization of economic fluctuations ⓘ |
| genre | academic economics ⓘ |
| hasReputation | influential work in fiscal policy analysis ⓘ |
| influenced |
Keynesian policy consensus in mid-20th century
ⓘ
policy discussions on deficit spending ⓘ |
| influencedBy |
John Maynard Keynes
NERFINISHED
ⓘ
Keynesian revolution NERFINISHED ⓘ |
| language | English ⓘ |
| mainTopic |
business cycles
ⓘ
fiscal policy ⓘ macroeconomic stabilization ⓘ |
| proposes | use of fiscal policy to smooth business cycles ⓘ |
| relatedTo |
aggregate demand management policies
ⓘ
countercyclical budgeting ⓘ fiscal multipliers ⓘ stabilization policy ⓘ |
| targetAudience |
economists
ⓘ
policy makers ⓘ students of macroeconomics ⓘ |
| usedIn | teaching of macroeconomic policy ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.