Saturday, January 1, 2022

US Economists: Increased consensus on many economic propositions, specifically the appropriate role of fiscal policy in macroeconomics and issues surrounding income distribution; another area of consensus is concern with climate change

Consensus among economists 2020 – A sharpening of the picture. Doris Geide-Stevenson and Alvaro La Parra Perez. Weber State Univ, December 2021. https://t.co/NdkWtZOUQH

Abstract: Based on an extensive survey of the members of the American Economic Association this paper compares consensus among economists on a number of economic propositions over four decades. The main result is an increased consensus on many economic propositions, specifically the appropriate role of fiscal policy in macroeconomics and issues surrounding income distribution. Economists now embrace the role of fiscal policy in a way not obvious in previous surveys and are largely supportive of government policies that mitigate income inequality. Another area of consensus is concern with climate change and the use of appropriate policy tools to address climate change.


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