Ten Years after the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?

Valerie A. Ramey

NBER Working Paper No. 25531
Issued in February 2019

---- Acknowledgments ----

Prepared for the Journal of Economic Perspectives. I am grateful for helpful comments from Alberto Alesina, Gabriel Chodorow-Reich, Martin Eichenbaum, Carlo Favero, Mark Gertler, Francesco Giavazzi, Gordon Hanson, Daniel Leff Yaffe, Karel Mertens, Maury Obstfeld, Timothy Taylor, Linda Tesar, Sarah Zubairy, and participants at the July 2018 NBER Conference “Global Financial Crisis @10.” The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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