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Diane Publishing Books
Policies for Increasing Economic Growth and Employment in 2010 and 2011
Susan Yang (au); Douglas W. Elmendorf (pf)
The number of jobs in the U.S. has declined almost every month since Dec. 2007. Nearly all professional forecasters believe that the economy has begun to recover from the recent recession, but many also predict that the pace of the recovery will be slow and that unemployment will remain high for several years. This report examines the potential role and efficacy of fiscal policy options in increasing economic growth and employment, particularly over the next two years. Contents: (I) Introduction and Summary; (II) The Outlook for a Slow Recovery: Credit Markets; Consumer Spending; Employment and Unemployment; (III) Principles for Increasing Economic Growth and Employment in 2010 and 2011: Timing; Cost-Effectiveness; Consistency with Long-Run Fiscal Objectives; Other Considerations; (IV) Assessing Policy Options for Increasing Economic Growth and Employment: Policy Options with a Substantial Proportion of Impacts Beginning in 2010; Policy Options with a Substantial Proportion of Impacts Beginning in 2011. Figures.
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