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dc.contributor.authorMakin, Tonyen_US
dc.date.accessioned2017-05-03T12:19:28Z
dc.date.available2017-05-03T12:19:28Z
dc.date.issued2010en_US
dc.date.modified2011-06-07T06:56:15Z
dc.identifier.issn14681838en_US
dc.identifier.urihttp://hdl.handle.net/10072/35620
dc.description.abstractFiscal policy has been actively deployed globally by G20 governments to counter the impact of the global financial crisis on the real sectors of their economies. This coordinated fiscal response has involved a mix of new public expenditure, including on infrastructure, tax relief and increased income transfers to favoured groups. In the end, the case for fiscal stimulus rests on the presumption that it works in theory, along lines first proposed by Keynes. Yet, Keynesian fiscal activism founded on this presumption is contestable on numerous theoretical and practical grounds. This paper addresses key concerns about the consequences of using fiscal stimulus. It proposes that discretionary fiscal measures that have increased budget deficits and public indebtedness for economies worldwide entail significant macroeconomic costs and risks, and that, as a corollary, reducing unproductive public spending can be expansionary.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent126136 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherEconomic and Financial Publishingen_US
dc.publisher.placeUnited Kingdomen_US
dc.publisher.urihttp://www.world-economics-journal.com/en_AU
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom25en_US
dc.relation.ispartofpageto40en_US
dc.relation.ispartofissue3en_US
dc.relation.ispartofjournalWorld Economicsen_US
dc.relation.ispartofvolume11en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchMacroeconomic Theoryen_US
dc.subject.fieldofresearchcode140102en_US
dc.titleFaulting Internationally Coordinated Fiscal Stimulusen_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 2010 Economic and Financial Publishing. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.en_AU
gro.date.issued2010
gro.hasfulltextFull Text


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