How the great recession was brought to an end

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Reference no: EM132208460

Question: In the book of "How the Great Recession Was Brought to an End" written by Alan and mark, it said that "We estimate that the latter was substantially more powerful than the former". It means the monetary policy is more powerful than the fiscal policy at that time.

Therefore, I would like to ask for the reason why this is true (Maybe like crowding out effect)

Also, Try to explain with some supporting statistic.

Reference no: EM132208460

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