ON THE EFFECTIVENESS OF FISCAL POLICY AS AN INSTRUMENT OF MACROECONOMIC POLICY

被引:2
|
作者
Arestis, Philip [1 ]
McCombie, John [1 ]
机构
[1] Univ Cambridge, Dept Land Econ, Cambridge Ctr Econ & Publ Policy, Cambridge, England
关键词
Fiscal policy; monetary policy;
D O I
10.1111/j.1468-0270.2009.01872.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper demonstrates that fiscal policy is an effective and essential instrument of stabilisation macroeconomic policy. This is particularly so if it is co-ordinated with monetary policy, especially in the current worldwide economic situation.
引用
收藏
页码:77 / 79
页数:3
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