Macroeconomic Policy: Two Approaches

D. C. Rowan
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D. C. Rowan: University of Southampton

Chapter Chapter 28 in Output, Inflation and Growth, 1983, pp 496-508 from Palgrave Macmillan

Abstract: Abstract The aim of this chapter is to give an account of ‘neo-Keynesian’ and ‘monetarist’ approaches to the conduct of macroeconomic policy with special reference to the UK. This is done, not with the intention of demonstrating that one approach is superior to the other, but in order to show, as clearly as possible, in what ways the two approaches differ and what issues in positive economics stand behind these differences.

Keywords: Monetary Policy; Fiscal Policy; Target Variable; Nominal Interest Rate; Phillips Curve (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06800-5_30

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DOI: 10.1007/978-1-349-06800-5_30

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