Godley, Wynne (contributor); Lavoie, Marc (contributor) - 2007
also show that fiscal policy on its own could achieve both full employment and a target rate of inflation. Finally, we … and monetary policy. It follows from the model that if the fiscal stance is not set in the appropriate fashionthat is, at … a well-defined level and growth ratethen full employment and low inflation will not be achieved in a sustainable way. We …