
Research Topics
Publications on Fiscal expansion
There are 2 publications for Fiscal expansion.
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Investing in Care
Working Paper No. 610 | August 2010A Strategy for Effective and Equitable Job Creation
Massive job losses in the United States, over eight million since the onset of the “Great Recession,” call for job creation measures through fiscal expansion. In this paper we analyze the job creation potential of social service–delivery sectors—early childhood development and home-based health care—as compared to other proposed alternatives in infrastructure construction and energy. Our microsimulation results suggest that investing in the care sector creates more jobs in total, at double the rate of infrastructure investment. The second finding is that these jobs are more effective in reaching disadvantaged workers—those from poor households and with lower levels of educational attainment. Job creation in these sectors can easily be rolled out. States already have mechanisms and implementation capacity in place. All that is required is policy recalibration to allow funds to be channeled into sectors that deliver jobs both more efficiently and more equitably.Download:Associated Programs:Employment Policy and Labor Markets The Distribution of Income and Wealth Gender Equality and the EconomyAuthor(s): -
Prospects for the United States and the World: A Crisis That Conventional Remedies Cannot Resolve
Strategic Analysis, December 2008 | December 2008The economic recovery plans currently under consideration by the United States and many other countries seem to be concentrated on the possibility of using expansionary fiscal and monetary policies alone. In a new Strategic Analysis, the Levy Institute’s Macro-Modeling Team argues that, however well coordinated, this approach will not be sufficient; what’s required, they say, is a worldwide recovery of output, combined with sustainable balances in international trade.
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