Economics at your fingertips  


Sylvie Rivot ()

Cahiers d’économie politique / Papers in Political Economy, 2012, issue 62, 223-251

Abstract: This paper considers the economic policy advocated by Keynes and Friedman in relation to their particular theoretical framework. They have in common an opposition to fine-tuning of the economy. With regard to the contrasting strategies of rules versus discretion, both would be advocates of rules; they would both oppose short-term devices. There are nonetheless significant divergences over which rules are to be implemented. They also part company on the theoretical justification for these rules. Finally, their contrasting views on monetary and fiscal policies are explained by their respective conceptions of the running of a monetary economy.

Keywords: Unemployment; structural policy; fiscal policy; monetary policy; adjustement-process; rules; discretion (search for similar items in EconPapers)
JEL-codes: B22 B31 E12 E60 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf)

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:

Ordering information: This journal article can be ordered from
142 rue du faubourg Saint-Martin. 75010 Paris, France.

Access Statistics for this article

Cahiers d’économie politique / Papers in Political Economy is currently edited by Claire Pignol

More articles in Cahiers d’économie politique / Papers in Political Economy from L'Harmattan
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().

Page updated 2019-01-12
Handle: RePEc:cpo:journl:y:2012:i:62:p:223-251