This book discusses the appropriate use of monetary policy, taxation, and government outlays, to achieve the macroeconomic objectives of high employment, low inflation, and an acceptable balance of payments together with an appropriate level of private investment. It draws upon simulations of various macroeconomic instruments made at the OECD, the EEC and at the University of Warwick, to throw light on the relative effects of each of the main macroeconomic instruments on each of these objectives with the aim of drawing policy conclusions for individual countries and for the world generally.
This book discusses the appropriate use of monetary policy, taxation, and government outlays, to achieve the macroeconomic objectives of high employment, low inflation, and an acceptable balance of payments together with an appropriate level of private investment. It draws upon simulations of various macroeconomic instruments made at the OECD, the EEC and at the University of Warwick, to throw light on the relative effects of each of the main macroeconomic instruments on each of these objectives with the aim of drawing policy conclusions for individual countries and for the world generally.