Did the long-term health of US government finances improve or deteriorate in the past year? Leaf through an analysis from the
non-partisan Congressional Budget Office and it is possible to answer either way: the baseline scenario is better but the “alternative” scenario is far worse. The mixed message is a reminder that the US economy has problems that economists are currently ill-equipped to solve.
Consider the fiscal multiplier, a measure of the effects of government stimulus. In a paper presented at the Jackson Hole get-together for central bankers, Eric Leeper contrasts
您已閱讀31%（578字），剩余69%（1275字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。