The content of the paper needs to include the following sections:
1. Introduction (5 points)
In this section, you need to briefly describe the Great Recession of 2007-2009 (2 points) and state the causes of the Recession (3 points).
References: 1, 2, 3.
2. Fiscal Policies in Action (6 points)
In this section, briefly explain the fiscal policies undertaken by the federal government (2 points) and how the fiscal policies may (2 points) or may not (2 points) work.
References: 4, 5
3. Monetary Policies in Action (6 points)
In this section, briefly explain the monetary policies undertaken by the Federal Reserve (2 points) and how the monetary policies may (2 points) or may not (2 points) work.
References: 1, 6, 7
4. Have the Fiscal Policies Worked? (5 points)
In this section, you need to take a stand:
a. If you believe that the Fiscal Policies have worked, explain why you believe they have worked.
References: 7, 8
b. If you believe that the Fiscal Policies have failed, explain why you believe they have failed.
References: 9, 10, 11
5. Have the Monetary Policies Worked? (5 points)
In this section, you need to take a stand:
a. If you believe that the monetary policies have worked, explain why you believe they have worked.
References: 7, 12
b. If you believe that the monetary policies have failed, explain why you believe they have failed.
References: 13
6. Conclusion (3 points)
Concluding remarks need to include future policy recommendations for the administration and the Federal Reserve.
These are references cited and have to use correct references for each part
1. https://www.federalreserve.gov/newsevents/speech/bernanke20090414a.htm
2. https://www.slate.com/articles/news_and_politics/the_big_idea/2010/01/what_caused_the_economic_crisis.html
3. https://www.wsj.com/articles/SB10001424052748704698004576104500524998280
4. https://www.taxpolicycenter.org/briefing-book/what-did-2008-10-tax-stimulus-acts-do
5. https://www.frbsf.org/economic-research/publications/economic-letter/2012/february/government-spending-economic-boost/
6. https://www.wsj.com/articles/SB10001424052748704506404575592722702012904
7. https://www.economy.com/mark-zandi/documents/End-of-Great-Recession.pdf
8. https://obamawhitehouse.archives.gov/sites/default/files/cea_8th_arra_report_final_draft.pdf
9. https://www.wsj.com/articles/SB10001424053111904716604576544500632493510
10. https://www.minyanville.com/businessmarkets/articles/american-recovery-and-reinvestment-act-keynesian/8/26/2010/id/29807#ixzz1pNVBRxH7 , https://www.minyanville.com/businessmarkets/articles/recovery-act-keynesian-economics-private-sector/8/27/2010/id/29808
11. https://web.stanford.edu/~johntayl/JEL_Taylor_Final%20Pages.pdf
12. https://www.stlouisfed.org/publications/regional-economist/july-2011/the-effectiveness-of-qe2
13. https://reason.com/archives/2011/07/15/the-failure-of-quantitative-ea