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On The Effectiveness Of Fiscal Policy As An Instrument Of Macroeconomic Policy

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  • Philip Arestis
  • John McCombie

Abstract

This paper demonstrates that fiscal policy is an effective and essential instrument of stabilisation macroeconomic policy. This is particularly so if it is co‐ordinated with monetary policy, especially in the current worldwide economic situation.

Suggested Citation

  • Philip Arestis & John McCombie, 2009. "On The Effectiveness Of Fiscal Policy As An Instrument Of Macroeconomic Policy," Economic Affairs, Wiley Blackwell, vol. 29(1), pages 77-79, March.
    • Handle: RePEc:bla:ecaffa:v:29:y:2009:i:1:p:77-79
    DOI: 10.1111/j.1468-0270.2009.01872.x
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    References listed on IDEAS

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