Title: Introduction: current issues in fiscal policy

Authors: Oscar Alfranca, Miguel-Angel Galindo

Addresses: Departament d’Enginyeria Agroalimentaria i Biotecnologia, Universitat Politecnica de Catalunya, Av. Canal Olimpic, s/n 08860 Castelldefels, Barcelona, Spain. ' University of Castilla-La Mancha, Avenida de Europa, 11 B 3D, Pozuelo de Alarcon, 28224 Madrid, Spain

Abstract: This article discusses the relationship between fiscal and monetary policies, considering different cases: government budget constraint and the wealth effect, determining the corresponding multipliers. The value of these multipliers will denote the effectiveness of fiscal policy. The article also outlines problems that affect fiscal policy effectiveness and provides brief introduction to the articles included in the special issue.

Keywords: fiscal policy; monetary policy; budget constraints; government budgets; wealth effect; multipliers; policy effectiveness.

DOI: 10.1504/IJPP.2006.009808

International Journal of Public Policy, 2006 Vol.1 No.3, pp.213 - 222

Published online: 14 May 2006 *

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