Fiscal policy within the IS-LM framework

by Naghshpour, Shahdad

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Title Statements

Full title :Fiscal policy within the IS-LM framework / Shahdad Naghshpour.

Summary

"This book explains how government intervention affects economic aggregates such as unemployment, economic growth, and inflation. It provides a discussion in the tradition of positive economics and to avoid normative arguments. The question here is not whether government should intervene in the economy, whom should be taxed, or which sector of the economy should be assisted. Instead, the focus is on how government involvement in the economy affects its course and the consequences of such interventions. The collective response of economic agents to economic and noneconomic factors is the expected outcome of the economy, which is formulated as economic theory. Economic theories reflect how the economy functions and what causes changes. This book will detail how this interaction plays a role in the changes that affect the overall economy."--Page 4 of cover.

Edition Statements

Publication Date:2014.
Edition:First edition

Publication Statements

Publisher(s):Business Expert Press
Place of Publication:New York
Language:eng
Publication Date:2014.

The Physical Object

Description:139 pages : : illustrations ; : 23 cm.

Edition Identifiers

ISBN:1606497227, 9781606497227, 1606497235, 9781606497234
oclc:ocn876169408
LC Classification:HJ192.5
Dewey Decimal:339.52

Section I. Background and fundamental theories -- Chapter 1. A brief history of fiscal theory -- Chapter 2. Politics and fiscal policy -- Chapter 3. Two blades are better than one: the role of IS-LM -- Section II. Interest rate and fiscal theory -- Chapter 4. The role of interest rate in fiscal policy -- Chapter 5. Liquidity preference -- Chapter 6. Operation and effectiveness of fiscal policy -- Chapter 7. Questioning Keynesian theory -- Section III. Schools of thought in fiscal theory -- Chapter 8. New Keynesian school -- Chapter 9. Post Keynesian -- Section IV. The evidence -- Chapter 10. Empirical evidence regarding fiscal policy -- Chapter 11. Conclusion.