ON THE EFFECTIVENESS OF FISCAL POLICY AS AN INSTRUMENT OF MACROECONOMIC POLICY |
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| Authors: | Philip Arestis John McCombie |
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| Institution: | Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge |
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| Abstract: | 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. |
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| Keywords: | Fiscal policy monetary policy |
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