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http://hdl.handle.net/10637/422Reassessing discretionary fiscal policy.
| Título : | Reassessing discretionary fiscal policy. |
| Autor : | Taylor, John B. |
| Materias: | Política fiscal. |
| Editorial : | Stanford (California) : Stanford University, 2000. |
| Resumen : | Recent changes in policy research and in policy-making call for a reassessment of countercyclical fiscal policy. Such a reassesment indicates that countercyclical fiscal policy should focus on the automatic stabilizers rather than discretionary actions. Monetary policy has been reacting more systematically to output and inflation; long expansions in the 1980s and 1990s demonstrate the effectiveness of such a policy. It is unlikely that discretionary countercyclical fiscal policy could improve things, even if there were less uncertainty about fiscal impacts. A discretionary countercyclcal fiscal policy could make monetary policy-making more difficult. Rather iscretionary fiscal policy should focus on long run issues, such as tax reform and social security reform. |
| URI : | http://hdl.handle.net/10637/422 |
| Derechos: | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.es |
| Fecha de publicación : | 20-oct-2000 |
| Aparece en las colecciones: | Biblioteca Digital |
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