Abstract
Our examination of monetary policy led us to discard it as a short-run stabilisation device. We thus assume monetary policy to be unchanged and have to select a fiscal policy appropriate to raising gross domestic product to the target level by the fourth quarter of 1963. What are the issues involved ?
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Suggested Reading
J. C. R. Dow, The Management of the British Economy, 1945–1960 (Cambridge, 1964) chs vii, viii, xiv–xvi.
P. M. Oppenheimer, ‘Is Britain’s Worsening Trade Gap due to Bad Management of the Business Cycle?’, Oxford Institute of Statistics Bulletin (Aug 1965).
J. M. Fleming and R. C. Tress, ‘Waiting for Exports’, London & Cambridge Economic Bulletin (Jun 1962).
W. A. H. Godley and J. R. Shepherd, ‘Long-Term Growth and Short-Term Policy’, N.I.E.S.R. Review (Aug 1964).
R. E. Caves and associates, Britain’s Economic Prospects (Allen & Unwin, 1968) chs i-iii and particularly i.
N.I.E.S.R., National Institute Economic Review, annual surveys of the economy in February issues.
C.S.O., Economic Trends (published monthly by H.M.S.O.).
Bank of England, Quarterly Bulletin.
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© 1974 D. C. Rowan
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Rowan, D.C. (1974). Economic Stabilisation: The Use of Fiscal Policy. In: Output, Inflation and Growth. Palgrave, London. https://doi.org/10.1007/978-1-349-86173-6_26
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DOI: https://doi.org/10.1007/978-1-349-86173-6_26
Publisher Name: Palgrave, London
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