The Case Against the Case Against Discretionary Fiscal Policy

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Challenge-Driven Innovation Policy: Towards a New Policy Toolkit (2019, background): “To prevent these policies becoming subject to government failure, an externally imposed rules-based framework is advisable, with discretionary interventions undesirable (Blinder 2004).”
Automatic Fiscal Stabilisers: What They Are and What They Do (2012, methodology): “9 Brunila et al. (2003) define the benchmark budget as one where the impact of economic fluctuations is offset by across-the-board changes in other budget items, so as to keep the overall fiscal balance constant. Tödter and Scharnagl (2004) use three different methods to keep the level of budget bal”
The Decline, Rebound, and Further Rise in SNAP Enrollment: Disentangling Business Cycle Fluctuations and Policy Changes (2013, unknown): “3See Auerbach (2003) for a critique of fiscal policy responses and Blinder (2006) for a response to the critics of fiscal policy. promising.””
Procyclical Fiscal Policy in Developing Countries: Truth or Fiction? (2008, background): “…impulse response of g to an output shock, , after one quarter is de ned as @gt+1=@ t. Leading (8) and then substituting (9) into (8), we 13While the logic that follows is not new (see, for instance, Blinder (2004)), it is worth spelling it out in the context of our particular application.”