Bhattacharya, Debapriya; Khan, Towfiqul Islam - East Asian Bureau of Economic Research (EABER) - 2009
postGreat Depression period, later made way to monetary policy led stabilisation approach in the period of high inflation of … taxes, counteracting inflation entailed reducing spending or raising taxes. The growing importance of monetary policy and … to maintain a stable and low rate of inflation, high capacity utilisation to sustain a low rate of unemployment, and a …