Policy insights

Policy Insights

Policy Insight 34: The theory of the fiscal stimulus: How will a debt-financed stimulus affect the future?

A new CEPR Policy Insight takes a close look at the Keynesian theory underlying the policy of fiscal stimulus being undertaken or considered in many countries, led by the US.

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Corden, M (2009), Policy Insight 34: The theory of the fiscal stimulus: How will a debt-financed stimulus affect the future?, CEPR Policy Insight No 34, CEPR Press, Paris & London. https://cepr.org/publications/policy-insight-34-theory-fiscal-stimulus-how-will-debt-financed-stimulus-affect-future