01-09 "Macroeconomic Policy and Sustainability"
AbstractThe trend in mainstream economic thought about macroeconomic policy has been towards minimalism. In the optimistic Keynesian phase of the 1960's, it was assumed that both fiscal and monetary policy were effective tools for macroeconomic management. But the influence of monetarist and New Classical critiques has led to a gradual erosion of theoretical support for activist government policy. First fiscal policy fell by the wayside, perceived as too slow and possibly counterproductive in its impacts. Then New Classical and rational expectations critiques suggested that even monetary policy was ineffective. Thus the role of government policy has been reduced to a cautious effort not to make things worse B in effect a return to an economics of laissez-faire.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by GDAE, Tufts University in its series GDAE Working Papers with number 01-09.
Date of creation:
Date of revision:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Streeten, Paul, 1991. "Global prospects in an interdependent world," World Development, Elsevier, vol. 19(1), pages 123-133, January.
- Jonathan Harris, 1990.
"Global Institutions and Ecological Crisis,"
Boston University - Institute for Economic Development
11, Boston University, Institute for Economic Development.
- Stiglitz, Joseph E, 1999. "Responding to Economic Crises: Policy Alternatives for Equitable Recovery and Development," Manchester School, University of Manchester, vol. 67(5), pages 409-27, Special I.
- Joseph E. Stiglitz, 1999. "Reforming the Global Economic Architecture: Lessons from Recent Crises," Journal of Finance, American Finance Association, vol. 54(4), pages 1508-1522, 08.
- Krugman, Paul, 2000. "Thinking About the Liquidity Trap," Journal of the Japanese and International Economies, Elsevier, vol. 14(4), pages 221-237, December.
- J. Stiglitz, 1998. "More Instruments and Broader Goals: Moving toward the PostWashington Consensus," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
- Julie A. Nelson, . "03-11 "Clocks, Creation, and Clarity: Insights on Ethics and Economics from a Feminist Perspective"," GDAE Working Papers 03-11, GDAE, Tufts University.
- Julie A. Nelson, . "04-03 "Is Economics a Natural Science?"," GDAE Working Papers 04-03, GDAE, Tufts University.
- Julie A. Nelson, . "04-01 "Beyond Small-Is-Beautiful: A Buddhist and Feminist Analysis of Ethics and Business"," GDAE Working Papers 04-01, GDAE, Tufts University.
- Julie A. Nelson, 2011. "11-02 "Ethics and the Economist: What Climate Change Demands of Us"," GDAE Working Papers 11-02, GDAE, Tufts University.
- Ismail Erol & Nigar Cakar & Derya Erel & Ramazan Sari, 2009. "Sustainability in the Turkish retailing industry," Sustainable Development, John Wiley & Sons, Ltd., vol. 17(1), pages 49-67.
- Francisco Aguayo & Kevin P. Gallagher, . "03-05 "Economic Reform, Energy, and Development: The Case of Mexican Manufacturing"," GDAE Working Papers 03-05, GDAE, Tufts University.
- Atkinson, Robert D. & Hackler, Darrene, 2010. "Economic Doctrines and Approaches to Climate Change Policy," MPRA Paper 29718, University Library of Munich, Germany.
- Timothy A. Wise, . "05-02 "Understanding the Farm Problem: Six Common Errors in Presenting Farm Statistics"," GDAE Working Papers 05-02, GDAE, Tufts University.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Erin Coutts).
If references are entirely missing, you can add them using this form.