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dc.contributor.authorMakin, Tonyen_US
dc.date.accessioned2017-04-24T09:17:27Z
dc.date.available2017-04-24T09:17:27Z
dc.date.issued2009en_US
dc.date.modified2010-11-18T08:09:25Z
dc.identifier.issn13221833en_US
dc.identifier.doihttp://epress.anu.edu.au/agenda/016/04/pdf_instructions.htmlen_AU
dc.identifier.urihttp://hdl.handle.net/10072/29844
dc.description.abstractThis paper proposes an extended loanable-funds framework for examining the effects of fiscal stimulus on the budget balance, international borrowing, real interest rates, private saving, private investment and national income. It challenges the prevailing view that fiscal policy can be used effectively as an income 'stimulus' instrument, and proposes that discretionary fiscal measures that increase the budget deficit entail macroeconomic costs for significant external borrower economies, such as Australia, New Zealand and the United States.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent359396 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherAustralian National Universityen_US
dc.publisher.placeAustraliaen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom25en_US
dc.relation.ispartofpageto34en_US
dc.relation.ispartofissue4en_US
dc.relation.ispartofjournalAgendaen_US
dc.relation.ispartofvolume16en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchMacroeconomic Theoryen_US
dc.subject.fieldofresearchcode140102en_US
dc.titleFiscal ‘stimulus’: A loanable funds critiqueen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.rights.copyrightCopyright remains with the author 2009. The attached file is reproduced here in accordance with the copyright policy of the publisher. For information about this journal please refer to the journal's website or contact the author.en_AU
gro.date.issued2009
gro.hasfulltextFull Text


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