Stabilisation of the economy: some more international evidence

Authors

  • J. DE HAAN
  • D. ZELHORST

DOI:

https://doi.org/10.13133/2037-3643/11121

Keywords:

demand management, stabilisation policy, Keynesians, monetarists, new classical economists

Abstract

Keynesians still believe that there is scope for demand management (stabilisation policies) in an economy due to the inherent deficiencies apparent in the working of the free market: monetarists and new classical economists still believe in the power of market forces. Despite this disagreement, the authors contend that most economists agree that economic fluctuations are less extreme today than has been the case historically. This is important because it lends credence to those who argue the merits of stabilisation policies, the obvious candidate to explain this phenomena. The authors' answer is that other factors may be at work.


JEL: E63

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Published

2013-11-23

How to Cite

DE HAAN, J., & ZELHORST, D. (2013). Stabilisation of the economy: some more international evidence. PSL Quarterly Review, 42(171). https://doi.org/10.13133/2037-3643/11121

Issue

Vol. 42 No. 171 (1989)

Section

Editorial

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