Table of contents

  1. Front Matter
    Pages i-xv
  2. J. O. N. Perkins
    Pages 1-5
  3. J. O. N. Perkins
    Pages 6-14
  4. J. O. N. Perkins
    Pages 15-42
  5. J. O. N. Perkins
    Pages 43-62
  6. J. O. N. Perkins
    Pages 63-77
  7. J. O. N. Perkins
    Pages 78-102
  8. J. O. N. Perkins
    Pages 142-159
  9. Back Matter
    Pages 160-170

About this book


Discussions of macroeconomic policy often focus on changes in the budget deficit. A low budget deficit is one of the criteria for admission to the EMU. But some combinations of fiscal measures having a given effect on the budget deficit can have damaging effects on the principal macroeconomic objectives such as inflation and full employment, whereas other combinations will not. This is illustrated by using results from simulations for various OECD countries.


economic policy Inflation macroeconomics monetary policy unemployment

Authors and affiliations

  • J. O. N. Perkins
    • 1
  1. 1.University of MelbourneAustralia

Bibliographic information

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