Explain the main arguments in favor of economic stabilization during recessions. Explain why policy lags could make stabilization policies counterproductive.
Debates in Macroeconomics This Discussion deals with the debates over macroeconomic policy, which include stabilization policy, monetary policy on rules versus discretion, zero inflation target, public debt, and reforming tax laws. Read chapters 17 and 18, and remember to include references and links to the websites that are important contributors to your posts (comments). There […]