Alberto Alesina is the Nathaniel Ropes Professor of Political Economy at Harvard University and a research associate and director of the Political Economy Program of the NBER. Francesco Giavazzi is professor of economics at Bocconi University, Italy; visiting professor of economics at the Massachusetts Institute of Technology; and a research associate of the NBER.
"The financial crisis illuminated gaps in economists' understanding of both fiscal and monetary policy. This work, a National Bureau of Economic Research conference report, addresses fiscal policy gaps. . . . The articles, particularly William Easterly's article on governments' inability to adjust current spending to a new, slower growth path provide a valuable discussion of many key issues facing policy makers today. Recommended."-- "Choice" (2/1/2014 12:00:00 AM)
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