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The New Palgrave Dictionary of Economics pp 8940–8948Cite as

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Monetary and Fiscal Policy Overview

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Abstract

This article provides an overview of economic thinking about monetary and fiscal policy. I discuss the methodology of answering policy questions in macroeconomics. I then explain what is known from using this methodology for positive and normative analyses of monetary and fiscal policy. Finally, I describe the challenges associated with endogenizing monetary and fiscal policy.

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Acknowledgment

I thank Barbara McCutcheon for her comments. The opinions expressed herein are mine and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System.

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  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Narayana R. Kocherlakota

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  1. Narayana R. Kocherlakota
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© 2018 Macmillan Publishers Ltd.

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Kocherlakota, N.R. (2018). Monetary and Fiscal Policy Overview. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2451

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