Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/277027 
Year of Publication: 
2004
Citation: 
[Journal:] Intervention. Zeitschrift fuer Ökonomie / Journal of Economics [ISSN:] 2195-3376 [Volume:] 01 [Issue:] 2 [Year:] 2004 [Pages:] 61-74
Publisher: 
Metropolis-Verlag, Marburg
Abstract: 
A major argument used against the use of fiscal policy comes from the view that there are automatic forces within an economic system to ensure high levels of demand. This paper argues that the case for fiscal policy in general rests on the proposition that there are no such market forces that ensure high levels of demand. There is, thus, a need for macroeconomic policy to perform this task. The argument against fiscal policy to the effect that it does not raise the level of economic activity, does not apply when this view of fiscal policy is adopted.
JEL: 
E62
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.