Abstract

Bent Hansen’s The Economic Theory of Fiscal Policy contains a macroeconomic model, based on optimising agents, to analyse how fiscal policy can be used to secure full employment and a constant value of money. Focus is on the coordination of economic policy. In addition to giving an account of Hansen’s analysis, the choice of model (equilibrium model, inflation model or a Keynesian unemployment model) is discussed. The role of and the modelling of monetary policy is treated, and the possibility of implementing the policy.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.