Tanzi, Vito (2019) The limits of stabilization policies. Acta Oeconomica, 69 (s1). pp. 141-151. ISSN 0001-6373
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Official URL: https://doi.org/10.1556/032.2019.69.S1.9
Abstract
That fiscal policy may have limits has been known and has been discussed since 1936, when Keynes published The General Theory in the middle of the Great depression. The criticism of countercyclical fiscal policy should have changed over the years, because of economic, social and structural changes that have taken place in the economies of the countries. This paper focuses on changes in the socio-economic ecology of countries and argues that those changes are likely to have reduced the effectiveness of traditional countercyclical fiscal policy.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences / társadalomtudományok > H Social Sciences (General) / társadalomtudomány általában |
| Depositing User: | Eszter Bálint |
| Date Deposited: | 29 Jan 2019 07:39 |
| Last Modified: | 31 Jan 2021 00:19 |
| URI: | http://real.mtak.hu/id/eprint/90654 |
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