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DRAFT: Did Macroeconomic Policy Play a Different Role in the (Post-2009) Recovery?: Fiscal Policy

J. Bradford DeLong U.C. Berkeley October 15, 2016 The near-consensus policy rule for fiscal policy’s countercyclical role back in 2008 was simple: it had none. Automatic stabilizers were allowed to function, were even encouraged, and it seemed harmless to allow congress to make its overwhelming and very popular votes to...
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