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The Policy Mix in a Closed Economy

James Perkins

Chapter 3 in The Macroeconomic Mix to Stop Stagflation, 1979, pp 19-51 from Palgrave Macmillan

Abstract: Abstract We have discussed in the preceding chapter the approach to formulating macroeconomic policy in a closed economy which has in the period during and since the Second World War constituted the basis for most macroeconomic policy decisions in most major developed countries of the non-Communist world. The principal emphasis has usually been placed on securing the appropriate overall effect on demand by means of the government’s budgetary and monetary measures.

Keywords: Interest Rate; Monetary Policy; Price Level; Money Supply; Government Spending (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16039-6_3

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DOI: 10.1007/978-1-349-16039-6_3

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