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Dealing with Two Macroeconomic Problems

  • J. O. N. Perkins

Abstract

The a priori arguments in Chapter 2 and the empirical evidence in Chapter 3 imply that there are various combinations of macroeconomic policy instruments that can be used to work towards the achievement of higher real output or employment, so long as there are spare resources in the economy, without increasing prices, and even while reducing the upward pressure on prices. In the present chapter we shall consider a framework of analysis to deal with the choice of appropriate combinations of policy measures to achieve these aims.

Keywords

Monetary Policy Government Outlay Real Output Macroeconomic Policy Indirect Taxis 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© J. O. N. Perkins 1990

Authors and Affiliations

  • J. O. N. Perkins
    • 1
  1. 1.University of MelbourneAustralia

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