Fiscal Responses and Future Challenges
Edited by John Wanna, Evert A. Lindquist and Jouke de Vries
Chapter 2: The United States’ response to the global financial crisis: from robust stimulus to fiscal gridlock
2. The United States’ response to the global financial crisis: from robust stimulus to fiscal gridlock Paul L. Posner and Denise M. Fantone1 The global financial crisis (GFC) arrived at a most inopportune time for the United States. The budget wa...
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