This blog posting gives an overview; see the primary paper, Understanding policy in the great recession: Some unpleasant fiscal arithmetic, http://faculty.chica

This blog posting gives an overview; see the primary paper, Understanding policy in the great recession: Some unpleasant fiscal arithmetic, http://faculty.chicagobooth.edu/john.cochrane/research/Papers/understanding_policy_EER.pdf http://faculty.chicagobooth.edu/john.cochrane/research/Paper..., for more detail.