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DC Field | Value | Language |
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dc.contributor.author | Barrell, R | - |
dc.contributor.author | Weale, M | - |
dc.date.accessioned | 2014-09-09T09:48:59Z | - |
dc.date.available | 2014-09-09T09:48:59Z | - |
dc.date.issued | 2010 | - |
dc.identifier.citation | Oxford Review of Economic Policy, 26(1), 38 - 47, 2010 | en_US |
dc.identifier.issn | 0266-903X | - |
dc.identifier.uri | http://oxrep.oxfordjournals.org/content/26/1/38 | rn |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/9029 | - |
dc.description | This article is available open access through the publisher’s website at the link below. © The Author 2010. | en_US |
dc.description.abstract | This paper takes a close look at the Keynesian theory underlying the policy of fiscal stimulus being undertaken or considered in many countries, led by the United States. A central question is whether a debt-financed fiscal stimulus now must adversely affect future taxpayers, owing to the debt burden being created. There are many interesting issues considered, for example, the role of automatic stabilizers, and the basis for Keynes's paradox of thrift. The model used is for a single country with a floating exchange rate. It is assumed that, for various reasons, monetary policy cannot eliminate high unemployment and a resultant output gap. In fact, there is a market failure, which government action needs to compensate for, at least temporarily. | en_US |
dc.language | eng | - |
dc.language.iso | en | en_US |
dc.publisher | Oxford University Press | en_US |
dc.subject | Fiscal policy | en_US |
dc.subject | Keynesian theory | en_US |
dc.subject | Public debt | en_US |
dc.subject | Automatic stabilizers | en_US |
dc.subject | Output gap | en_US |
dc.subject | Paradox of thrift | en_US |
dc.title | Fiscal policy, fairness between generations, and national saving | en_US |
dc.type | Article | en_US |
dc.identifier.doi | http://dx.doi.org/10.1093/oxrep/grq001 | - |
pubs.organisational-data | /Brunel | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance/Economics and Finance | - |
pubs.organisational-data | /Brunel/Group Publication Pages | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups/Centre for Research into Entrepreneurship, International Business and Innovation in Emerging Markets | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute for Ageing Studies | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute of Cancer Genetics and Pharmacogenomics | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Centre for Systems and Synthetic Biology | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups/Multidisclipary Assessment of Technology Centre for Healthcare (MATCH) | - |
Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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Notice.pdf | 39.28 kB | Adobe PDF | View/Open |
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