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¿Es efectiva la política fiscal?

Author

Listed:
  • Oscar Bajo Rubio

    (Universidad de Castilla-La Mancha)

  • Carmen Díaz Roldán

    (Universidad de Castilla-La Mancha)

Abstract

This article explores whether fiscal policy has still a role to play in the current economies, focusing on its stabilizing role. First of all, the main effects of fiscal policy on economic activity are examined according to the traditional views, presenting next some criticism to this approach. Finally we discuss the relevance of such criticism which allows preserving an important role for fiscal policy.

Suggested Citation

  • Oscar Bajo Rubio & Carmen Díaz Roldán, 2008. "¿Es efectiva la política fiscal?," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 69(03), pages 12-27.
    • Handle: RePEc:ekz:ekonoz:2008302
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    More about this item

    Keywords

    fiscal policy and stabilization; non-Keynesian effects of fiscal policy; Ricardian equivalence;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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