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Is Fiscal Policy Possible? Is It Desirable?

In: Structural Reform and Economic Policy

Author

Listed:
  • Robert M. Solow

    (Massachusetts Institute of Technology)

Abstract

Forty years ago, at about the time of the International Economic Association’s first World Congress, no one would have bothered to ask the questions that make up the title of this chapter. Jan Tinbergen had made us aware that a society needs as many independent policy instruments as it has independent policy goals it would like to achieve. In the macroeconomic policy field, there were obviously multiple goals, and therefore a need for several instruments. The separate and joint roles of fiscal and monetary policy were a common topic of discussion.

Suggested Citation

  • Robert M. Solow, 2004. "Is Fiscal Policy Possible? Is It Desirable?," International Economic Association Series, in: Robert M. Solow (ed.), Structural Reform and Economic Policy, chapter 3, pages 23-39, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-0-230-52444-6_3
    DOI: 10.1057/9780230524446_3
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    1. repec:spo:wpecon:info:hdl:2441/46mbanhapncmp6s9g2choh4pj is not listed on IDEAS
    2. repec:hal:spmain:info:hdl:2441/46mbanhapncmp6s9g2choh4pj is not listed on IDEAS
    3. Jérôme Creel & Francesco Saraceno, 2008. "Automatic Stabilisation, Discretionary Policy and the Stability Pact," SciencePo Working papers Main hal-00973049, HAL.
    4. repec:spo:wpecon:info:hdl:2441/6152 is not listed on IDEAS
    5. Sébastien Pommier, 2008. "The Use of Fiscal Policy in EMU: First Appraisal and Future Prospects," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 69(03), pages 28-45.
    6. Campoy Juan Cristóbal & Negrete Juan C., 2010. "Structural Reforms and Budget Deficits in a Monetary Union: A Strategic Approach," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-31, July.
    7. Jean-Paul Fitoussi & Francesco Saraceno, 2010. "Inequality and macroeconomic performance," Working Papers hal-01069429, HAL.
    8. repec:spo:wpmain:info:hdl:2441/46mbanhapncmp6s9g2choh4pj is not listed on IDEAS
    9. repec:hal:wpspec:info:hdl:2441/6152 is not listed on IDEAS
    10. repec:hal:spmain:info:hdl:2441/6152 is not listed on IDEAS
    11. repec:spo:wpmain:info:hdl:2441/6152 is not listed on IDEAS
    12. repec:hal:wpspec:info:hdl:2441/46mbanhapncmp6s9g2choh4pj is not listed on IDEAS

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