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ON THE EFFECTIVENESS OF FISCAL POLICY AS AN INSTRUMENT OF MACROECONOMIC POLICY
Author(s) -
Arestis Philip,
McCombie John
Publication year - 2009
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2009.01872.x
Subject(s) - fiscal policy , economics , macroeconomics , monetary policy , economic policy , public economics , monetary economics
This paper demonstrates that fiscal policy is an effective and essential instrument of stabilisation macroeconomic policy. This is particularly so if it is co‐ordinated with monetary policy, especially in the current worldwide economic situation.