Fiscal policy and Monetary policyIn the floating exchange rate world, prior to the Global Financial Crisis, a consensus had developed that fiscal policy was ineffective relative to monetary policy in te short run, and tht neither was effective in the

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Fiscal policy and Monetary policyIn the floating exchange rate world, prior to the Global Financial Crisis, a consensus had developed that fiscal policy was ineffective relative to monetary policy in te short run, and tht neither was effective in the

Fiscal policy and Monetary policyIn the floating exchange rate world, prior to the Global Financial Crisis, a consensus had developed that fiscal policy was ineffective relative to monetary policy in te short run, and tht neither was effective in the
Fiscal policy and Monetary policy
In the floating exchange rate world, prior to the Global Financial Crisis, a consensus had developed that fiscal policy was ineffective relative to monetary policy in te short run, and tht neither was effective in the long run. The crisis has shown that this thinking was too simple, and authorities are exploring other ways of using fiscal and monetary policy for stabilization.

Fiscal policy and Monetary policyIn the floating exchange rate world, prior to the Global Financial Crisis, a consensus had developed that fiscal policy was ineffective relative to monetary policy in te short run, and tht neither was effective in the
政策无用论每到经济危机的时候就尘嚣日上.不同的学派各执一词.经济学家就像算命先生似的,人人都想算上一卦.但至于准不准,对不对,谁都没往心里去!

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