Ferreiro, Jesús; Gómez, Carmen; Serrano, Felipe - In: Journal of Economic Issues 48 (2014) 2, pp. 341-348
Opposite to mainstream economics, (post-) Keynesian economics has defended the need of a discretionary fiscal policy that helps to maintain economic activity at a full employment level, offsetting the cyclical deviations from that level of output. In this sense, it is implicitly assumed that any...