Understanding policy in the great recession
Subtitle: some unpleasant fiscal arithmetic
By: John H. Cochrane
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 16087; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16087.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "I use the valuation equation of government debt to understand fiscal and monetary policy in and following the great recession of 2008-2009, to think about fiscal pressures on US inflation, and what sequence of events might surround such an inflation.  I emphasize that a fiscal inflation can come well before large deficits or monetization are realized, and is likely to come with stagnation rather than a boom"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/24/2010.

Includes bibliographical references.

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Mode of access: World Wide Web.