{"id":"https://openalex.org/W275207342","doi":"https://doi.org/10.7551/mitpress/9451.003.0011","title":"What Have We Learned about Fiscal Policy from the Crisis?","display_name":"What Have We Learned about Fiscal Policy from the Crisis?","publication_year":2012,"publication_date":"2012-02-24","ids":{"openalex":"https://openalex.org/W275207342","doi":"https://doi.org/10.7551/mitpress/9451.003.0011","mag":"275207342"},"language":"en","primary_location":{"id":"doi:10.7551/mitpress/9451.003.0011","doi":"https://doi.org/10.7551/mitpress/9451.003.0011","is_oa":false,"landing_page_url":"https://doi.org/10.7551/mitpress/9451.003.0011","pdf_url":null,"source":{"id":"https://openalex.org/S4306463997","display_name":"The MIT Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315718","host_organization_name":"The MIT Press","host_organization_lineage":["https://openalex.org/P4310315718","https://openalex.org/P4310316440"],"host_organization_lineage_names":["The MIT Press","Massachusetts Institute of Technology"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"In the Wake of the Crisis","raw_type":"book-chapter"},"volume":{"id":"https://openalex.org/W4231856696","display_name":"In the Wake of the Crisis"},"type":"book-chapter","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5007422726","display_name":"David Romer","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"David Romer","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5007422726"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":34.5867,"has_fulltext":false,"cited_by_count":68,"citation_normalized_percentile":{"value":0.99701245,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"1","issue":null,"first_page":"57","last_page":"66"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.8065999746322632,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.8065999746322632,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.15600000321865082,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.009600000455975533,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/fiscal-policy","display_name":"fiscal policy","score":0.972000002861023},{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.9700000286102295},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.7820000052452087},{"id":"https://openalex.org/keywords/zero-lower-bound","display_name":"zero lower bound","score":0.9480000138282776},{"id":"https://openalex.org/keywords/nominal-interest-rates","display_name":"nominal interest rates","score":0.8069999814033508},{"id":"https://openalex.org/keywords/financial-regulation","display_name":"financial regulation","score":0.996999979019165},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.8519999980926514},{"id":"https://openalex.org/keywords/aggregate-demand","display_name":"aggregate demand","score":0.5519999861717224},{"id":"https://openalex.org/keywords/unemployment","display_name":"unemployment","score":0.8009999990463257},{"id":"https://openalex.org/keywords/new-keynesian-dsge-model","display_name":"New Keynesian DSGE model","score":0.7639999985694885},{"id":"https://openalex.org/keywords/macroeconomic-policy","display_name":"macroeconomic policy","score":0.7979999780654907}],"concepts":[{"id":"https://openalex.org/C524878704","wikidata":"https://www.wikidata.org/wiki/Q187021","display_name":"Fiscal policy","level":2,"score":0.7169317603111267},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.49223580956459045},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.4611954689025879},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.4312842786312103},{"id":"https://openalex.org/C105639569","wikidata":"https://www.wikidata.org/wiki/Q582577","display_name":"Economic policy","level":1,"score":0.38834434747695923},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.353748619556427}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.7551/mitpress/9451.003.0011","doi":"https://doi.org/10.7551/mitpress/9451.003.0011","is_oa":false,"landing_page_url":"https://doi.org/10.7551/mitpress/9451.003.0011","pdf_url":null,"source":{"id":"https://openalex.org/S4306463997","display_name":"The MIT Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315718","host_organization_name":"The MIT Press","host_organization_lineage":["https://openalex.org/P4310315718","https://openalex.org/P4310316440"],"host_organization_lineage_names":["The MIT Press","Massachusetts Institute of Technology"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"In the Wake of the Crisis","raw_type":"book-chapter"},{"id":"mag:275207342","doi":null,"is_oa":false,"landing_page_url":"https://eml.berkeley.edu/~dromer/papers/What%20Have%20We%20Learned%20about%20Fiscal%20Policy%20from%20the%20Crisis%20May%2020.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.370.3177","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.370.3177","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://elsa.berkeley.edu/~dromer/papers/What Have We Learned about Fiscal Policy from the Crisis September.pdf","raw_type":"text"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.48510000109672546,"display_name":"Decent work and economic growth"}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":24,"referenced_works":["https://openalex.org/W1504433434","https://openalex.org/W1558256372","https://openalex.org/W1588068631","https://openalex.org/W1671186918","https://openalex.org/W1933529014","https://openalex.org/W1998639102","https://openalex.org/W2004155413","https://openalex.org/W2028988097","https://openalex.org/W2052662085","https://openalex.org/W2103999665","https://openalex.org/W2104165247","https://openalex.org/W2114409804","https://openalex.org/W2117911140","https://openalex.org/W2126729239","https://openalex.org/W2132019091","https://openalex.org/W2135359744","https://openalex.org/W2482339345","https://openalex.org/W2892187631","https://openalex.org/W3021313731","https://openalex.org/W3121246877","https://openalex.org/W3122122625","https://openalex.org/W3123285923","https://openalex.org/W3123579556","https://openalex.org/W3125331647"],"related_works":["https://openalex.org/W4242151211","https://openalex.org/W3174422244","https://openalex.org/W1543326737","https://openalex.org/W3165215389","https://openalex.org/W1970179451","https://openalex.org/W7113444787","https://openalex.org/W2807267720","https://openalex.org/W3110503169","https://openalex.org/W2940997765","https://openalex.org/W3125363872"],"abstract_inverted_index":{"The":[0,89,127,136],"financial":[1,72,75],"and":[2,18,74],"macroeconomic":[3,19,25,87],"crisis":[4],"that":[5,39,91],"began":[6],"in":[7],"2008":[8],"has":[9,54,108],"shattered":[10],"some":[11],"of":[12,16,60,71,97,105],"the":[13,40,58,61],"core":[14],"beliefs":[15],"macroeconomists":[17],"policymakers:":[20],"We":[21,37,63],"thought":[22,38],"we":[23],"had":[24,64],"fluctuations":[26],"well":[27],"under":[28],"control,":[29],"but":[30,52,77],"they":[31,78],"are":[32,130],"back":[33],"with":[34],"a":[35,49,103],"vengeance.":[36],"zero":[41],"lower":[42],"bound":[43],"on":[44],"nominal":[45],"interest":[46],"rates":[47],"was":[48],"minor":[50],"issue,":[51],"it":[53],"proven":[55],"central":[56],"to":[57,69,83,86,94,102,115,121],"behavior":[59],"macroeconomy.":[62],"not":[65],"paid":[66],"much":[67],"attention":[68],"issues":[70],"regulation":[73],"disruptions,":[76],"too":[79],"have":[80],"turned":[81],"out":[82],"be":[84],"critical":[85],"performance.":[88],"idea":[90],"policymakers":[92],"would":[93],"tolerate":[95],"years":[96,113],"exceptionally":[98],"high":[99],"unemployment":[100],"due":[101],"deficiency":[104],"aggregate":[106],"demand":[107],"gone":[109],"from":[110],"unthinkable":[111],"five":[112],"ago":[114],"fact":[116],"today.":[117],"I":[118],"am":[119],"grateful":[120],"Christina":[122],"Romer":[123],"for":[124],"helpful":[125],"comments.":[126],"views":[128],"expressed":[129],"purely":[131],"my":[132],"own.":[133],"1":[134],"\u2022":[135],"workhorse":[137],"new":[138],"Keynesian":[139],"dynamic":[140],"stochastic":[141],"general":[142],"equilibrium":[143],"(DSGE)":[144]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":16},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":6},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":5},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":6},{"year":2014,"cited_by_count":6},{"year":2013,"cited_by_count":5},{"year":2012,"cited_by_count":4}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}