Arestis, Philip; Sawyer, Malcolm - In: International Journal of Public Policy 7 (2011) 1/2/3, pp. 22-39
In this paper we advocate a way of approaching macroeconomic policy, which stands in contrast to the now discredited 'new consensus in macroeconomics' policy framework. The five pillars of our approach are: the need for budget deficits to support the level of aggregate demand; full consideration...
