Macro Policy Lessons from the Recent Recession

Abstract

It is time to take a look back at how effective the Bush economic policies have been. In one of the most comprehensive analyses of policy to date, these economists present a critical historical analysis of recent policy. They conclude that more coordinated policy could have resulted in an economy that started to recover quickly, would probably have resulted in more job growth, and would not have left America with ongoing sources of instability and high future budget deficits.