Arestis, Philip - In: Panoeconomicus 58 (2011) 2, pp. 143-156
Macroeconomics”, downgrades the role of fiscal policy and upgrades that of monetary policy. This contribution aims to consider this … particular contention by focusing on fiscal policy. We consider fiscal policy within the current “new consensus” theoretical … framework, which views fiscal policy as ineffective, and argue that it deserves a great deal more attention paid to it than it …