The Great Recession revives Keynesian stimulus politics
Citations (2)
- The Great Recession whole source
Federal Reserve History source for the recession and policy responses.
- What Is Keynesian Economics? whole source
IMF overview notes the 2007-08 revival of Keynesian thought.
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Consequences
what this set in motion, following the causal links
- triggered Obama signs the American Recovery and Reinvestment Act 2009 The recession triggered the major US fiscal stimulus.
- preceded COVID-era fiscal rescue pushes demand management to emergency scale 2020 The 2008 playbook normalized large fiscal rescue before the even larger COVID response.
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Linked events (2)
- this triggered Obama signs the American Recovery and Reinvestment Act
- this preceded COVID-era fiscal rescue pushes demand management to emergency scale