Fiscal and Monetary Policy in the Keynes—Kalecki Tradition

Alois Guger and Ewald Walterskirchen

Chapter 5 in Barriers to Full Employment, 1988, pp 103-140 from Palgrave Macmillan

Abstract: Abstract The co-existence of rising inflation, unemployment rates and budget deficits has discredited fiscal policy in the last decade. Keynesian economics, the dominant mode of thought in economic policy and economic analysis, has been depreciated and the old orthodoxy has gained ground again.

Keywords: Interest Rate; Monetary Policy; Fiscal Policy; Real Wage; Budget Deficit (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19233-5_6

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DOI: 10.1007/978-1-349-19233-5_6

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