The macroeconomic mix to stop stagflation /
Perkins, J. O. N.
The macroeconomic mix to stop stagflation / - London : Macmillan, c1979. - ix, 193 p. :ill,
Includes index
Includes bibliographical references.
This book attempt to highlights the different mixes of fiscal and monetary policies to get a particular level of aggregate output which have different effects on inflation; or, equivalently, that choosing between combinations of fiscal and monetary policies to reduce inflation will result in different levels of output for a given reduction in inflation. Furthermore, there are different effects on inflation for a given change in output from fiscal policy depending on whether the stimulus is a change in taxation or a change in government expenditure. In particular, a country suffering from inflation simultaneously with high unemployment should combine a restrictive monetary policy with an expansionary fiscal policy, and the latter should generally concentrate on reducing taxation.
0333253965 :
Economic policy.
Inflation (Finance) and unemployment.
HD82 / .P4437 1979b
339.5 / PER
The macroeconomic mix to stop stagflation / - London : Macmillan, c1979. - ix, 193 p. :ill,
Includes index
Includes bibliographical references.
This book attempt to highlights the different mixes of fiscal and monetary policies to get a particular level of aggregate output which have different effects on inflation; or, equivalently, that choosing between combinations of fiscal and monetary policies to reduce inflation will result in different levels of output for a given reduction in inflation. Furthermore, there are different effects on inflation for a given change in output from fiscal policy depending on whether the stimulus is a change in taxation or a change in government expenditure. In particular, a country suffering from inflation simultaneously with high unemployment should combine a restrictive monetary policy with an expansionary fiscal policy, and the latter should generally concentrate on reducing taxation.
0333253965 :
Economic policy.
Inflation (Finance) and unemployment.
HD82 / .P4437 1979b
339.5 / PER