Fontana, Giuseppe; Sawyer, Malcolm - In: International Journal of Political Economy 41 (2012) 2, pp. 27-41
The initial mildly Keynesian fiscal policy applied to the 2008 financial crisis in the UK is outlined and the shifts in policy indicated. The focus of this article is on the use of the concept of structural budget deficit and potential output in the formulation of fiscal policy. It is argued...
