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dc.contributor.authorMakin, Tony
dc.date.accessioned2017-05-03T12:19:27Z
dc.date.available2017-05-03T12:19:27Z
dc.date.issued2009
dc.date.modified2010-11-18T08:09:25Z
dc.identifier.issn13221833
dc.identifier.urihttp://hdl.handle.net/10072/29844
dc.description.abstractThis paper proposes an extended loanable-funds framework for examining the effects of fiscal stimulus on the budget balance, international borrowing, real interest rates, private saving, private investment and national income. It challenges the prevailing view that fiscal policy can be used effectively as an income 'stimulus' instrument, and proposes that discretionary fiscal measures that increase the budget deficit entail macroeconomic costs for significant external borrower economies, such as Australia, New Zealand and the United States.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent359396 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherAustralian National University
dc.publisher.placeAustralia
dc.publisher.urihttp://press.anu.edu.au/publications/agenda-journal-policy-analysis-and-reform-volume-16-number-4-2009
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom25
dc.relation.ispartofpageto34
dc.relation.ispartofissue4
dc.relation.ispartofjournalAgenda
dc.relation.ispartofvolume16
dc.rights.retentionY
dc.subject.fieldofresearchMacroeconomic Theory
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchBanking, Finance and Investment
dc.subject.fieldofresearchPolicy and Administration
dc.subject.fieldofresearchcode140102
dc.subject.fieldofresearchcode1402
dc.subject.fieldofresearchcode1502
dc.subject.fieldofresearchcode1605
dc.titleFiscal ‘stimulus’: A loanable funds critique
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© The Author(s) 2009. The attached file is reproduced here in accordance with the copyright policy of the publisher. For information about this journal please refer to the journal's website or contact the author.
gro.date.issued2009
gro.hasfulltextFull Text
gro.griffith.authorMakin, Tony J.


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