Higher Spending, Higher Taxes and No Reforms

Mario Baldassarri and Francesco Busato
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Mario Baldassarri: University of Rome
Francesco Busato: Columbia University

Chapter 7 in Full Employment and High Growth in Europe, 2003, pp 117-133 from Palgrave Macmillan

Abstract: Abstract The message that emerges from the preceding chapter is quite clear: monetary policy provides a push toward GDP growth by way of investments, but generates inflationary pressures and does not guarantee a steady and permanent reduction in unemployment.

Keywords: Monetary Policy; Government Spending; Full Employment; Government Budget; Government Debt (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-3736-0_7

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DOI: 10.1057/9781403937360_7

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