Current thinking on fiscal policy / edited by Jérôme Creel and Malcolm Sawyer
- Bib ID:
- 4558757
- Format:
- Book
- Description:
-
- Basingstoke : Palgrave Macmillan, 2008
- x, 182 p. ; 23 cm.
- ISBN:
-
- 9780230202498
- 0230202497
- Summary:
-
"In recent years, the dominant view has dictated that macroeconomic policy should rely on monetary policy alone, leaving fiscal policy effectively impotent. However, after the financial turmoil which started in the US in 2007, monetary policy has appeared unable to deliver macroeconomic stability, resulting in a renewed interest in fiscal policy and a hope that effective implementation may improve the overall economic situation. In marked contrast to the prevailing views of recent times, fiscal policy is again being considered as a valid macroeconomic instrument."
"This book provides theoretical insights in defence of fiscal policy as an important economic tool for governments, whether in a discretionary or an automatic role. Throughout, the book develops current thinking on fiscal policy, emphasising the role which fiscal policy can play in macroeconomic policy. With a range of contributions from experts in the area, this book matches fiscal theory to fiscal practice, while rethinking fiscal policy for an unstable world. This timely book should be an essential read for scholars of macroeconomics, monetary policy, fiscal policy and political economy."--BOOK JACKET.
- Full contents:
-
- 1. Introduction: current thinking on fiscal policy / Jerome Creel and Malcolm Sawyer
- 2. Fiscal policy within the 'new consensus macroeconomics' framework / Philip Arestis
- 3. Fiscal policy in today's endogenous money world / Giuseppe Fontana
- 4. Minsky's financial instability hypothesis: the crucial role of fiscal policy / Philip Arestis and Elisabetta De Antoni
- 5. The continuing relevance of fiscal policy / Malcolm Sawyer
- 6. The international budget constraint and the sustainability of budget deficits / Philip Arestis and Malcolm Sawyer
- 7. Automatic stabilization, discretionary policy and the stability pact / Jerome Creel and Francesco Saraceno
- 8. Fiscal and monetary policies in a Keynesian stock-flow consistent model / Edwin Le Heron.
- Notes:
-
- Includes index.
- Includes bibliographical references.
- Subject:
- Fiscal policy
- Other authors/contributors:
- Copyright:
-
In Copyright
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Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 2008
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