EconPapers    
Economics at your fingertips  
 

New challenges for monetary and fiscal policies

Jerry L. Jordan (soundmoney@mac.com)
Additional contact information
Jerry L. Jordan: Pacific Academy for Advanced Studies

International Journal of Economic Policy Studies, 2019, vol. 13, issue 2, No 2, 275-284

Abstract: Abstract As a result of the “Global Financial Crisis” of 2008, the traditional tools of monetary and fiscal policies were broken and cannot be restored. New approaches to formulating and implementing monetary policies have been adopted, but there is no empirically supported evidence of the effectiveness of the new tools. Whether or not there is an acceleration of inflation or a return to deflation, it will neither be a result of central bank actions, nor can such be combated with monetary or fiscal policies. The decade-old debates about reliable targets and indicators of stabilization policies will have to be waged once again before confidence in the effectiveness of new policies and approaches can be restored.

Keywords: Central banks; Monetary policy; Fiscal policy; Inflation (search for similar items in EconPapers)
JEL-codes: E42 E52 E58 E62 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1007/s42495-019-00015-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:ijoeps:v:13:y:2019:i:2:d:10.1007_s42495-019-00015-z

Ordering information: This journal article can be ordered from
https://www.springer ... policy/journal/42495

DOI: 10.1007/s42495-019-00015-z

Access Statistics for this article

International Journal of Economic Policy Studies is currently edited by Akira Maeda

More articles in International Journal of Economic Policy Studies from Springer
Bibliographic data for series maintained by Sonal Shukla (sonal.shukla@springer.com) and Springer Nature Abstracting and Indexing (indexing@springernature.com).

 
Page updated 2024-11-22
Handle: RePEc:spr:ijoeps:v:13:y:2019:i:2:d:10.1007_s42495-019-00015-z