ON THE EFFECTIVENESS OF FISCAL POLICY AS AN INSTRUMENT OF MACROECONOMIC POLICY

Philip Arestis and John McCombie

Economic Affairs, 2009, vol. 29, issue 1, 77-79

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.

Date: 2009
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https://doi.org/10.1111/j.1468-0270.2009.01872.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:ecaffa:v:29:y:2009:i:1:p:77-79

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