Record Details

Taking a Second Look at Economic Stabilization Policy: Appraisal and issues

International Journal of Development and Management Review

View Archive Info
 
 
Field Value
 
Title Taking a Second Look at Economic Stabilization Policy: Appraisal and issues
 
Creator Obademi, OE
 
Description This paper focuses on the expediency of monetary policy and fiscal policy. It draws from a background of arguments of different schools of thought on which of the two approaches is better suited for controlling the economy of nations in order to achieve desirable macroeconomic performance levels in the light of the recent wave of globalisation. Over time, the use of monetary policy and fiscal policy to moderate the workings of the economy of nations has been popular. However, in recent years, there are divergent views on which of these two approaches is better suited for the smooth operation of any economy, due to the different noticeable effects of these policies when applied in some countries in respect of achieving full employment and price stability. The conflict between the desire to achieve full employment and price level stability
simultaneously calls for a rethink of stabilisation policy.

Keywords: Monetary policy, Fiscal policy, Fiscal neutrality, Fiscal balance.
 
Publisher Directorate of General Studies, FUT, Owerri
 
Contributor —
 
Date 2010-02-16
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.ajol.info/index.php/ijdmr/article/view/47953
 
Source International Journal of Development and Management Review; Vol 3, No 1 (2008); 114-121
 
Language eng
 
Relation https://www.ajol.info/index.php/ijdmr/article/view/47953/34320
 
Rights Either the Editor, the Editorial Board (individually or collectively) or the Development and Management Study Group (DMSG) assumes any responsibility for statements of facts or opinions in the papers published and are therefore absolved of any legal liability. The authors are in every way responsible for the contents of individual articles.Reproduction of any sort, including photocopying of this journal or portions of it, or any storage whatsoever, by any person(s) without prior permission of the copyright owners, is prohibited.© Copyright reserved by Development and Management Study Group (DMGS)