Šaroch, Stanislav; Andrle, Michal; Pavelek, Petr - In: Politická ekonomie 2003 (2003) 3
This article aims to argue with the wide-spread perception of discretionary fiscal policy as a poor macroeconomic stabilization tool, especially in comparison with the contemporary performance of monetary policy. European Monetary Union Member States are hit by the asymmetric shocks or respond...