Fiscal policy within the IS-LM framework /
Governments have become an integral part of economics in modern societies. The extent of government involvement is not limited to legislation, foreign policy, or law and order. Governments intervene in economic affairs by collecting taxes and spending what they collect. The amount of taxes and who p...
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| Format: | eBook |
| Language: | English |
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New York, New York (222 East 46th Street, New York, NY 10017) :
Business Expert Press,
2014.
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| Edition: | First edition. |
| Series: | 2013 digital library.
Economics collection. |
| Subjects: | |
| Online Access: | Click to View |
Table of Contents:
- Section I. Background and fundamental theories
- 1. A brief history of fiscal theory
- 2. Politics and fiscal policy
- 3. Two blades are better than one: the role of IS-LM
- Section II. Interest rate and fiscal theory
- 4. The role of interest rate in fiscal policy
- 5. Liquidity preference
- 6. Operation and effectiveness of fiscal policy
- 7. Questioning Keynesian theory
- Section III. Schools of thought in fiscal theory
- 8. New Keynesian school
- 9. Post Keynesian
- Section IV. The evidence
- 10. Empirical evidence regarding fiscal policy
- 11. Conclusion
- Glossary
- Notes
- References
- Index.