Research in fiscal policy: A cross section

In the latest NEP-MAC, there’s 12 papers on fiscal policy out of 64.

This paper finds significant crowding out effects. This one claims, “discretionary fiscal policy is more timely than conventional wisdom would suggest.” Those two are data papers, but this theory paper explores the implications of imperfect competition in the goods market and concludes despite this deviation from neo-classical nirvana, its hard for policy makers to improve welfare with fiscal policy.