Macroeconomic Policy and Economic Growth

James Perkins

Chapter 3 in Economic Growth and Resources, 1979, pp 23-33 from Palgrave Macmillan

Abstract: Abstract The purpose of this paper is to raise certain issues of macroeconomic policy, that have an important bearing upon the rate of world economic growth. It has become clear over the last few years that one of the principal obstacles to achieving a high rate of world economic growth has been the twin problem of ‘inflation with unemployment’ or ‘stagflation’; and, in particular, the evident willingness of many governments to tolerate, or actually to aim at, a lower level of real activity than could otherwise be achieved, in the belief that this is the best, or the only, way of reducing the rate of inflation.

Keywords: Monetary Policy; Price Level; Money Supply; Financial Asset; Full Employment (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-16229-1_3

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DOI: 10.1007/978-1-349-16229-1_3

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