Oxford Review of Economic Policy volume 21, issue 4, P509-514 2005 DOI: 10.1093/oxrep/gri028 View full text
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R. M. Solow

Abstract: Whereas much of the policy innovation during the financial crisis focused on monetary policyand especially unconventional monetary policy-there has since been renewed attention to fiscal policy. The monetary focus manifested in part because monetary authorities were able to move quickly and decisively during the crisis, whereas fiscal policy tends to be slower, both in decision making and in implementation. But the renewed attention to the potential power of