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This paper reconsiders the case for the use of fiscal policy based on a "functional finance" approach that advocates the use of fiscal policy to secure high levels of demand in the context of private aggregate demand, which would otherwise be too low. This "functional finance" view means that...
Persistent link: https://www.econbiz.de/10005408077
Recent developments in macroeconomic policy, in terms of both theory and practice, have elevated monetary policy while …
Persistent link: https://www.econbiz.de/10005408097