The interaction between fiscal and monetary policiesFiscal and monetary policy coordination was a much-debated issue between Keynesians and Monetarists. According to post-Keynesian mainstream economics, in macroeconomic regulationMacroeconomic regulation the government should, except in times of crisis, avoid adopting fiscal and monetary policiesFiscal and monetary policy coordination that are tight or loose at the same time.

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1997: Meshing Fiscal Policy with Monetary Policy

  • Yining Li

摘要

The interaction between fiscal and monetary policiesFiscal and monetary policy coordination was a much-debated issue between Keynesians and Monetarists. According to post-Keynesian mainstream economics, in macroeconomic regulationMacroeconomic regulation the government should, except in times of crisis, avoid adopting fiscal and monetary policiesFiscal and monetary policy coordination that are tight or loose at the same time.