Journal ArticleDOI
Does fiscal policy still matter?. A reply
Alan S. Blinder,Robert M. Solow +1 more
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This article is published in Journal of Monetary Economics.The article was published on 1976-11-01. It has received 53 citations till now. The article focuses on the topics: Fiscal union & Fiscal policy.read more
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Price Level Determinacy Without Control of a Monetary Aggregate
TL;DR: In this article, it was shown that the price level remains determinate even in the case of two kinds of radical money supply endogeneity, i.e., an interest rate peg by the central bank and a free banking regime, that are commonly supposed to imply loss of control of price level.
Journal ArticleDOI
Price Level Determinacy Without Control of a Monetary Aggregate
TL;DR: In this paper, it was shown that the price level remains determinate even in the case of two kinds of radical money supply endogeneity -an interest rate peg by the central bank, and a free banking regime -that are commonly supposed to imply loss of control of the price levels.
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Are Bond-Financed Deficits Inflationary? A Ricardian Analysis
TL;DR: In this paper, the authors considered the possible theoretical validity of the following "monetarist hypothesis": that a constant, positive government budget deficit can be maintained permanently and without inflation if it is financed by the issue of bonds rather than money.
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Can Taxes and Bonds Finance Government Spending
TL;DR: The authors investigates the commonly held belief that government spending is normally financed through a combination of taxes and bond sales and concludes that modern governments actually finance all of their spending through the direct creation of high-powered money.
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Post keynesianism: from cfuticism to coherence?
O. F. Hamouda,G. C. Harcourt +1 more
References
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Long Run Effects of Fiscal and Monetary Policy on Aggregate Demand
James Tobin,Willem H. Buiter +1 more