The Macroeconomic Role of Fiscal Policy.
This article examines the new consensus that fiscal policy should have no macroeconomic role in "flexible inflation targeting" regimes. There is little basis for this presumption. Fiscal policy remains important in setting the policy mix and in managing shocks and imbalances. The credibili...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2005
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