Policy Note 1998/6 | June 1998

What to Do with the Surplus

Fiscal Policy and the Coming Recession

Neither Congress nor the president is on the right track. Rather than protecting the surplus, we should be increasing spending and cutting taxes to contain the looming world recession.

Publication Highlight

Working Paper No. 933
Making Sense of the Barro-Ricardo Equivalence in a Financialized World
Author(s): Lorenzo Esposito, Giuseppe Mastromatteo
July 2019

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