Can I read Fiscal policy for development: poverty, reconstruction and growth, edited by Tony Addison and Alan Roe (Basingstoke: Palgrave Macmillan for UNU‐WIDER, Studies in Development Economics and Policy Series, 2004, pp. 336 + xviii) on EtoBox?

Fiscal policy for development: poverty, reconstruction and growth, edited by Tony Addison and Alan Roe (Basingstoke: Palgrave Macmillan for UNU‐WIDER, Studies in Development Economics and Policy Series, 2004, pp. 336 + xviii) by Andrew Mold is a scholarly article available to read on EtoBox.

What is Fiscal policy for development: poverty, reconstruction and growth, edited by Tony Addison and Alan Roe (Basingstoke: Palgrave Macmillan for UNU‐WIDER, Studies in Development Economics and Policy Series, 2004, pp. 336 + xviii) about?

Even amongst economists, fiscal policy is not a subject which generally sets the imagination alight, or inflames the passions. Yet the subject is so fundamental to understanding the dynamics of how a modern economy works that a proper understanding of development should really start here. In the 1930s, John Maynard Keynes was aware of this, and put fiscal policy centre-stage in his theory of how to maintain high levels of employment and growth. Over time, however, there have been considerable shifts in the relative importance assigned to fiscal policy. Since the 1970s, and the ascendancy of monetarist approaches to macroeconomic management, demand-management (and by extension, fiscal policy) fell into disrepute-fiscal policy became increasingly relegated to a matter of 'prudent financing' and balancing the budget. Fiscal responses to economic problems became less and less imaginative. In particular, for a time redistribution through fiscal policy was put firmly off the agenda. The simultaneous moves to persuade countries to lower their tariff barriers perhaps put the final nail in the coffin of demand management-as the Mundell-Fleming model reminds us, manipulating fiscal policy wi

Author

Andrew Mold

Publisher

John Wiley and Sons; Wiley (John Wiley & Sons); John Wiley & Sons Inc.; Wiley; Publons (ISSN 0954-1748)

Published

2007

Language

EN