Ogólny zarys kierunków polityki reflacyjnej proponowanych przez przedstawicieli współczesnego neokcynesizmu

• Authors: Boniecka, Katarzyna

Title variants

PL

A General Outline of the Directions of Reflationary Policy Proposed by Representatives of Contemporary Ncokeynesianism

Abstracts

EN

The analysis of the data on the average annual rate of growth of consumer goods prices in OECD countries in the early 1980s and the inflation rate confirms the view held by J. Tobin that the 1980s are the period of disinflation as opposed to the 1970s - a period of inflation. This stimulated the debate over the necessity of application of strong counter-inflation measures. Neo-Keynesian economists call the policy mix employed in the USA in the 1980s a prescription for stimulation of consumption and a lowering of investment. They underline the necessity to restore balance to the federal budget, increase investment expenditure and reduce armament spending and simultaneously to raise the tax rate. A cut in the interest rate and increase in spending on public works should serve to alleviate the effects of the increased tax rate. A number of economists also think that efforts to raise employment should induce OECD countries to accept a coordinated counter-inflationary policy.

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Acta Universitatis Lodziensis. Folia Oeconomica
• Year: 1996
• Volume: 138

Dates

published

1996

Contributors

author

Boniecka, Katarzyna

other

Akademia Górniczo-Hutnicza w Krakowie

Identifiers

URI

http://hdl.handle.net/11089/19453