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Fiscal Policy

Cover image for article: The Price Control Trap

The Price Control Trap

Markets matter during crises.

John H. Cochrane
.

Cover image for article: Do Stimulus Packages Work?

Do Stimulus Packages Work?

Recent crises show the hoped-for economic boost was largely an illusion—but the debt hangover was real.

Valerie A. Ramey
.

Cover image for article: Taxes without Distortion

Taxes without Distortion

What is the simplest way for the government to raise revenue without wrecking the economy?

John H. Cochrane
.

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