La débâcle de l'austérité

TL;DR: The sixteenth edition of Social Policy in the European Union: state of play has a triple ambition: it provides easily accessible information to a wide audience about recent developments in both EU and domestic social policymaking, and it aims to provide stakeholders and policymakers with specific tools that allow them to discern new opportunities to influence policymaking.

TL;DR: This paper found large differences in the size of the spending multipliers in recessions and expansions with fiscal policy being considerably more effective in recession than in expansions, with military spending having the largest multiplier.

TL;DR: In this article, the authors explain the key factors that determine the output multiplier of government purchases in New Keynesian models, through a series of simple examples that can be solved analytically.

TL;DR: In a depressed economy, with short-term nominal interest rates at their zero lower bound, ample cyclical unemployment, and excess capacity, increased government purchases would be neither offset by the monetary authority raising interest rates nor neutralized by supply-side bottlenecks.