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Fiscal Policy: Effects, Mechanisms, and Limitations (Chapter 12 Study Notes)

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Introduction to Fiscal Policy

  • Guided course
    Introduction; Discretionary Policy and Automatic Stabilizers
    09:33

Expansionary and Contractionary Fiscal Policy

  • Guided course
    Contractionary Fiscal Policy
    03:48
  • Guided course
    Expansionary Fiscal Policy
    05:24

Dynamic AD-AS Model: Fiscal Policy

  • Guided course
    Dynamic AD-AS Model: Expansionary Fiscal Policy
    05:25
  • Guided course
    Dynamic AD-AS Model: Contractionary Fiscal Policy
    03:59

Government Purchases and the Multiplier Effect

  • Guided course
    Government Purchases GDP Multiplier
    08:02

Taxes, the Multiplier Effect, and Automatic Stabilizers

  • Guided course
    Taxes as an Automatic Stabilizer
    03:50
  • Guided course
    Taxes and the GDP Multiplier
    05:11

Criticisms of Fiscal Policy

  • Guided course
    Political Environment
    02:19
  • Guided course
    Pro-Cyclical Fiscal Policy
    01:39
  • Guided course
    Crowding Out Effect
    04:16

Long Run Effects of Fiscal Policy

  • Guided course
    Persistent Budget Deficit
    03:39
  • Guided course
    Long Run Tax Policy
    02:40