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The aim of this paper is to evaluate the robustness of the theory that claims restrictive effects of expansionary fiscal policy. It shows that such so-called “non-Keynesian effects” may arise from synchronous and opposite monetary policy interventions. The paper demonstrates this conclusion...
Persistent link: https://www.econbiz.de/10005835899
constant, there will be an automatic convergence towards long-run equilibrium income. These beliefs represent the theoretical …
Persistent link: https://www.econbiz.de/10008545971
constant, there will be an automatic convergence towards long-run equilibrium income. These beliefs represent the theoretical …
Persistent link: https://www.econbiz.de/10008614985