Responding to the Recession: Exploring the Stimulus Options

With the economy mired in a deep recession, economic recovery is slated to be the top policy priority of the incoming Obama administration. A wide variety of tax, spending, and financial-market measures will be on the table in January as Congress debates a stimulus package that may approach $1 trillion. What can or should the government do to stimulate the economy?

Martin Baily, senior fellow at the Brookings Institution and former chairman of the Council of Economic Advisers in the Clinton administration, will review the severity of the recession and evaluate various stimulus options. Christopher J. Mayer, senior vice dean of the Columbia Business School, will discuss proposals to revive the housing market. Nicholas Souleles of the University of Pennsylvania's Wharton School will examine whether tax rebates promote consumer spending. AEI resident scholar Alan D. Viard will discuss the general principles of fiscal stimulus. Kevin A. Hassett, AEI's director of economic policy studies, will moderate.

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About the Author

 

Kevin A.
Hassett

 

Alan D.
Viard

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Warfare beneath the waves: The undersea domain in Asia

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AEI Election Watch 2014: What will happen and why it matters

AEI’s Election Watch is back! Please join us for two sessions of the longest-running election program in Washington, DC. 

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What now for the Common Core?

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Brazil’s presidential election: Real challenges, real choices

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