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Fiscal and Monetary Policy in the Keynes—Kalecki Tradition

In: Barriers to Full Employment

Author

Listed:
  • Alois Guger
  • Ewald Walterskirchen

Abstract

The co-existence of rising inflation, unemployment rates and budget deficits has discredited fiscal policy in the last decade. Keynesian economics, the dominant mode of thought in economic policy and economic analysis, has been depreciated and the old orthodoxy has gained ground again.

Suggested Citation

  • Alois Guger & Ewald Walterskirchen, 1988. "Fiscal and Monetary Policy in the Keynes—Kalecki Tradition," Palgrave Macmillan Books, in: J. A. Kregel & Egon Matzner & Alessandro Roncaglia (ed.), Barriers to Full Employment, chapter 5, pages 103-140, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19233-5_6
    DOI: 10.1007/978-1-349-19233-5_6
    as

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