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Chapter 32 — Further Reading
Alan Auerbach and Yuriy Gorodnichenko, "Measuring the Output Responses to Fiscal Policy," American Economic Journal: Economic Policy, 2012 — Key empirical work on multiplier estimates.
Alberto Alesina, Carlo Favero, and Francesco Giavazzi, Austerity: When It Works and When It Doesn't, Princeton, 2019 — The most careful treatment of when fiscal consolidation helps and when it hurts.
Thomas Herndon, Michael Ash, and Robert Pollin, "Does High Public Debt Consistently Stifle Economic Growth?" Cambridge Journal of Economics, 2014 — The paper that exposed the Reinhart-Rogoff error.
Congressional Budget Office, cost estimates and multiplier analyses — Free at cbo.gov.
Jason Furman, "U.S. Economic Policy Response to the COVID-19 Pandemic," Brookings, 2021 — On the CARES Act and successors.
Chapter 33 — The Open Economy — completes Part VII.