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2008•Palgrave Macmillan UK eBooksRequires access

Stabilization Capacity and Fiscal Policy in the EMU

Jorge Uxó González, María Jesús Arroyo Fernández

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Abstract

Over the last two decades a ‘New Consensus’ has emerged within mainstream macroeconomics (Arestis, 2007), and one of its main features is the prominence of monetary policy over fiscal policy as a tool of stabilization policy. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

About this research paper

What this paper is about

Over the last two decades a ‘New Consensus’ has emerged within mainstream macroeconomics (Arestis, 2007), and one of its main features is the prominence of monetary policy over fiscal policy as a tool of stabilization policy. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

Over the last two decades a ‘New Consensus’ has emerged within mainstream macroeconomics (Arestis, 2007), and one of its main features is the prominence of monetary policy over fiscal policy as a tool of stabilization policy. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Key concepts: Fiscal policy, Mainstream, Economics, Monetary policy, Stabilization policy, Macroeconomics, Monetary economics, Keynesian economics

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