Fiscal policy - what works what does not work

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Chapter 6 in The Role of the Public Sector, 2022, pp 60-68 from Edward Elgar Publishing

Abstract: Fiscal policy is a key instrument for the public sector to influence societal economic development. Chapter 6 looks at both automatic stabilizers and deliberate changes (active fiscal policy) in public expenditure and/or revenue that can have an economic impact. The multiplier effect is explained, including that empirical analysis is important in order to know the exact magnitude of the various effects. Thus, it can also be discussed which types of intervention can have the best effect, which can also be influenced by what there is a political desire to achieve, and which instruments can be the most effective instruments to use given a specific aim of the intervention.

Keywords: Economics and Finance; Politics and Public Policy Sociology and Social Policy (search for similar items in EconPapers)
Date: 2022
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