Alan Auerbach, University of California, Berkeley, presents his paper on fiscal policy on October 12, 2017, at the conference "Rethinking Macroeconomic Policy," organized by Olivier Blanchard and Lawrence H. Summers and held October 12-13 at the Peterson Institute for International Economics. Panel discussants include Marco Buti, Valerie Ramey, Robert E. Rubin, and Jay Shambaugh, with Lawrence H. Summers as moderator. For more information, visit: piie.com/events/rethinking-macroeconomic-policy