George Evans, 20 September 2017

What are the constraints of the zero lower bound? In this video, George Evans explains how sufficiently large fiscal stimuli can be used to avoid stagnation. This video was recorded in July 2017 at a macroeconomics conference organised by the Bank of England.

Max Corden, 13 January 2010

This new CEPR Policy Insight suggests that the 'Keynesian ambulance' of fiscal stimuli in response to the crisis may have averted a Great Depression.

Max Corden, 13 January 2010

The world economy has had a heart attack. “Ambulance economics” is about the immediate reanimation process, i.e. the fiscal stimulus. This column introduces a new CEPR Policy Insight that reviews practical aspects of fiscal stimulus policies, noting especially the inevitable trade-offs involved. It discusses the relationship between a long-term public debt problem caused usually by demographic factors and the need for short-term fiscal stimulus for Keynesian reasons. Also, it analyses critically seven common arguments against fiscal stimuli.


CEPR Policy Research