Yet this experiment illustrates how the transmission of fiscal policy depends both on the financing mix and monetary stance. The mechanism is illustrated for the case of a small open economy.

Amid heightened uncertainty, policymakers will need to deal with complex trade-offs between debt, slower growth, and new ...

Keynesian theory’s popularity waned then because it had no appropriate policy response for stagflation. Monetarist economists doubted the ability of governments to regulate the business cycle with ...

An insurance policy against the largest monetary and fiscal policy experiment in human history appeared first on The Block. · The Block More than a decade ago, on the back of the global financial ...

Here’s a thought experiment of an autarkic model that ... However, it should not use fiscal policy to determine the pattern of economic activity. It shouldn’t be in the business of choosing ...