The Macroeconomic Theory of Fiscal Policy I

Toshihiro Ihori
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Toshihiro Ihori: National Gradual Institute for Policy Studies

Chapter 2 in Principles of Public Finance, 2017, pp 29-51 from Springer

Abstract: Abstract In this chapter, we investigate the macroeconomic effect of fiscal policy using the simple Keynesian model. It is useful to look at any standard macroeconomics textbooks including Mankiw (2014) to understand Keynesian economics more fully.

Keywords: Multiplier; Marginal propensity to save; Keynesian 45-degree diagram; Built-in stabilizer; Balanced-budget multiplier; IS curve; LM curve; Crowding-out effect; Direct crowding out; Crowding-in effect; Small country; Fixed exchange rate system; Flexible exchange rate system; Isolation effect of flexible exchange rate system; Recognition lag; Implementation lag; Impact lag; Dynamic inconsistency; Rule versus discretion (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-981-10-2389-7_2

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DOI: 10.1007/978-981-10-2389-7_2

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