Name: Course: Professor: Date: "Last Word: Stimulus and the Great Recession"- Response The aggregate demand stimulus is seen to have greatly helped in preventing the downturn that was experienced in 2007-2009 from escalating into a great depression. However it seems not to be understood why the stimulus-fueled recovery was were also seen to devote some stimulus funding do debt reduction and saving and not consumption. Works Cited Aizenman Joshua and Gurnain K. Pasricha. "Net Fiscal Stimulus during the Great Recession." Review of Development Economics vol. 17 no. 3 2013 pp. 397-413. Grusky David B et al. The Great Recession. Russell Sage Foundation 2011. [...]
"Last Word: Stimulus and the Great Recession" Please share your thoughts on the article. While we will have diverse political views, please let’s focus on the economics of the stimulus and keep our posts and responses civil!