Title

Role of fiscal and monetary policy

Document Type

Journal article

Source Publication

Pacific Economic Review

Publication Date

2-1-2006

Volume

11

Issue

1

First Page

121

Last Page

127

Abstract

This paper applies the GS-PD framework of Ho (1988) to show that the so-called ‘battle of ideas’ between ‘Keynesians’, who believe in intervention, and the champions of the market, who believe in non-intervention, as popularly depicted, diverts attention from the crux of the matter. It shows how monetary and fiscal policies have to be coordinated in specific situations and why some macroeconomic problems may require responses beyond the purview of monetary and fiscal policies.

DOI

10.1111/j.1468-0106.2006.00303.x

Print ISSN

1361374X

E-ISSN

14680106

Publisher Statement

Copyright © 2006 Blackwell Publishing Ltd

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Full-text Version

Publisher’s Version

Recommended Citation

Ho, L. S. (2006). Role of fiscal and monetary policy. Pacific Economic Review, 11(1), 121-127. doi: 10.1111/j.1468-0106.2006.00303.x