 Monetary and Fiscal Policy in Relation to African DevelopmentL. H. Samuels
Chapter Chapter 25 in Economic Development for Africa South of the Sahara, 1964, pp 677-711 from Palgrave Macmillan Abstract: Abstract The appropriate monetary and fiscal framework for highly organized economies has long been a topic of serious discussion among econo mists. The unsatisfactory state of the debate has been due to a serious difference of opinion regarding the role and working of monetary policy, the relative efficacy of credit and fiscal measures, as well as the objectives of policy. Fluctuations in economic thought are, of course, characteristic of every science, but the convolutions in emphasis during the past three decades in regard to the instru ments and objectives of policy are not easy to parallel. The pre occupation of economists with cyclical fluctuations since the ’thirties has been superseded, to some extent by the contemporary interest in the growth of an economic system; indeed, cyclical disturbances are now frequently treated as an outgrowth of a growing economy. Keywords: Monetary Policy; Central Bank; Foreign Exchange; Fiscal Policy; Government Expenditure (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-15217-9_25 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-15217-9_25 Access Statistics for this chapter More chapters in International Economic Association Series from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.