The control of the economy
The control of the economy is examined in terms of the relationships between instruments and targets. The endogeneity of the budget deficit is analysed, exploring 'reflation' as a possible solution, and it is shown that monetarism has changed people's response patterns. The mechanical...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10778 |
| _version_ | 1811172485921505280 |
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| author | J. STEINDL |
| author_facet | J. STEINDL |
| author_sort | J. STEINDL |
| collection | DOAJ |
| description | The control of the economy is examined in terms of the relationships between instruments and targets. The endogeneity of the budget deficit is analysed, exploring 'reflation' as a possible solution, and it is shown that monetarism has changed people's response patterns. The mechanical approach to economic management, and particularly inflation, is rejected in favour of political solutions and long-term planning.
JEL: E43, E52
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| first_indexed | 2024-04-10T17:30:55Z |
| format | Article |
| id | doaj.art-ffd4269b3d124d54aa749d5c4e18350a |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:30:55Z |
| publishDate | 2013-10-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-ffd4269b3d124d54aa749d5c4e18350a2023-02-03T16:47:30ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-10-013614610.13133/2037-3643/10778The control of the economyJ. STEINDLThe control of the economy is examined in terms of the relationships between instruments and targets. The endogeneity of the budget deficit is analysed, exploring 'reflation' as a possible solution, and it is shown that monetarism has changed people's response patterns. The mechanical approach to economic management, and particularly inflation, is rejected in favour of political solutions and long-term planning. JEL: E43, E52 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10778Economic controlinstrumentstargetsmonetarisminflationpolicy |
| spellingShingle | J. STEINDL The control of the economy PSL Quarterly Review Economic control instruments targets monetarism inflation policy |
| title | The control of the economy |
| title_full | The control of the economy |
| title_fullStr | The control of the economy |
| title_full_unstemmed | The control of the economy |
| title_short | The control of the economy |
| title_sort | control of the economy |
| topic | Economic control instruments targets monetarism inflation policy |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10778 |
| work_keys_str_mv | AT jsteindl thecontroloftheeconomy AT jsteindl controloftheeconomy |