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Can Fiscal Policy Prevent Recessions? — Brian Romanchuk

Summary:
The focus of my upcoming book is on recession forecasting, and not policy responses towards recessions. However, I expect that this is a subject of interest to many of my readers, so I will offer a brief outline of some of the literature. (Note: this is an unedited first draft of a section from my manuscript book on recessions. For a typical standalone article, it is too long. However, I do not want to spend time stripping out information that should appear in a book. I could have split it into multiple parts, but I did not feel there was a natural splitting point. And yes, I went a bit nuts with footnotes.)…. Bond Economics Can Fiscal Policy Prevent Recessions?Brian Romanchuk

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The focus of my upcoming book is on recession forecasting, and not policy responses towards recessions. However, I expect that this is a subject of interest to many of my readers, so I will offer a brief outline of some of the literature.
(Note: this is an unedited first draft of a section from my manuscript book on recessions. For a typical standalone article, it is too long. However, I do not want to spend time stripping out information that should appear in a book. I could have split it into multiple parts, but I did not feel there was a natural splitting point. And yes, I went a bit nuts with footnotes.)….
Bond Economics
Can Fiscal Policy Prevent Recessions?
Brian Romanchuk
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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