Long-run Effects of Short-run Stabilization Policy—An Introduction

  • Lars Calmfors
Part of the Scandinavian Journal of Economics book series (SJE)


Against the background of the failures of stabilization policies in most developed countries during the 1970s, it seems natural that a more critical attitude towards such policies has gradually evolved. The skepticism has usually focused on the long-run effects of stabilization policy, which is the theme of this conference.


Current Account Fiscal Policy Trade Union Real Wage Private Consumption 
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Copyright information

© The Scandinavian Journal of Economics 1983

Authors and Affiliations

  • Lars Calmfors
    • 1
  1. 1.Institute for International Economic StudiesStockholmSweden

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