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.
International Journal of Public Policy, 2006 Vol.1 No.3, pp.213 - 222
Published online: 14 May 2006 *
Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article