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THE KEYNESIAN SYSTEM: FISCAL AND MONETARY POLICY GUIDELINES

Birol, Özlen Hiç ; Gencer, Aysen Hiç

International Conference on Qualitative and Quantitative Economics Research (QQE). Proceedings, 2014, p.27

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Título:
THE KEYNESIAN SYSTEM: FISCAL AND MONETARY POLICY GUIDELINES
Autor: Birol, Özlen Hiç ; Gencer, Aysen Hiç
Assuntos: Fiscal policy ; Keynesian theory ; Monetary policy ; Studies ; Unemployment
É parte de: International Conference on Qualitative and Quantitative Economics Research (QQE). Proceedings, 2014, p.27
Descrição: In this article the authors shall try to establish the guidelines of the Keynesian monetary and fiscal policies. In order to better understand the Keynesian macroeconomic system it is necessary to go briefly over the analyses of the Classical economics in the pre-Keynesian period and the fiscal and monetary policies based on those analyses. While principally dwelling on the Keynesian macroeconomic system and the monetary and fiscal policies based on this system, we think we have some grounds about the significance of the subject. In effect during Reagan era in the States and M. Thatcher in Britain, policies under the influence of monetarism had been applied, however, since inflation was not prevented and there was an increase in unemployment, these policies were forsaken and moderate Keynesian policies were implemented low-key. But criticisms coming from both Monetarists and particularly New Classical economists forced fundamental methodological and assumptive changes in Keynesianism since the 1980s.
Editor: Singapore: Global Science and Technology Forum
Idioma: Inglês

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