Monetarism versus fiscalism: towards reconciliation
The comparative effectiveness of monetary policy versus fiscal policy persists as a subject of widely noted discussion, and recently apparently conflicting hypothesis have been offered to explain the relative potency of each of these policies. The present article reexamines this issue, placing the c...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-01-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11481 |
| _version_ | 1811172531513589760 |
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| author | J. ASCHHEIM |
| author_facet | J. ASCHHEIM |
| author_sort | J. ASCHHEIM |
| collection | DOAJ |
| description | The comparative effectiveness of monetary policy versus fiscal policy persists as a subject of widely noted discussion, and recently apparently conflicting hypothesis have been offered to explain the relative potency of each of these policies. The present article reexamines this issue, placing the current controversy in perspective by bringing to bear pertinent work in public-finance theory as well as in monetary theory. In so doing, the author finds that not only is a reconciliation between Monetarism and Fiscalism possible but that, in the crucial case of the antidote to depression, Monetarism and Fiscalism coincide.
JEL: E52, E62, E63
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| first_indexed | 2024-04-10T17:31:44Z |
| format | Article |
| id | doaj.art-bb43674be2e94072a2e3d0a13bbbc023 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:31:44Z |
| publishDate | 2014-01-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-bb43674be2e94072a2e3d0a13bbbc0232023-02-03T16:44:48ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432014-01-012811410.13133/2037-3643/11481Monetarism versus fiscalism: towards reconciliationJ. ASCHHEIMThe comparative effectiveness of monetary policy versus fiscal policy persists as a subject of widely noted discussion, and recently apparently conflicting hypothesis have been offered to explain the relative potency of each of these policies. The present article reexamines this issue, placing the current controversy in perspective by bringing to bear pertinent work in public-finance theory as well as in monetary theory. In so doing, the author finds that not only is a reconciliation between Monetarism and Fiscalism possible but that, in the crucial case of the antidote to depression, Monetarism and Fiscalism coincide. JEL: E52, E62, E63 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11481Monetary policyfiscal policypublic-finance theorymonetary theorymonetarismfiscalism |
| spellingShingle | J. ASCHHEIM Monetarism versus fiscalism: towards reconciliation PSL Quarterly Review Monetary policy fiscal policy public-finance theory monetary theory monetarism fiscalism |
| title | Monetarism versus fiscalism: towards reconciliation |
| title_full | Monetarism versus fiscalism: towards reconciliation |
| title_fullStr | Monetarism versus fiscalism: towards reconciliation |
| title_full_unstemmed | Monetarism versus fiscalism: towards reconciliation |
| title_short | Monetarism versus fiscalism: towards reconciliation |
| title_sort | monetarism versus fiscalism towards reconciliation |
| topic | Monetary policy fiscal policy public-finance theory monetary theory monetarism fiscalism |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11481 |
| work_keys_str_mv | AT jaschheim monetarismversusfiscalismtowardsreconciliation |