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Springer Business Cycles and Macroeconomic Stability - Built-in Stabilizers

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Description

This scholarly work examines the role of automatic stabilizers in maintaining economic stability, a consensus view endorsed by leading economists including Milton Friedman and Paul Samuelson since 1950. The book explores how fiscal rules governing tax revenue, public expenditures, and transfers function as stabilizing mechanisms during economic fluctuations. Published by Springer, this academic text provides insight into the post-war economic policies and their effectiveness in moderating business cycles. Essential reading for economists, policymakers, and students of macroeconomic theory seeking to understand the structural mechanisms designed to maintain economic equilibrium and the ongoing debate about rebuilding and strengthening these stabilising frameworks in modern economies.

Key Features

Examines automatic stabilizers and their role in maintaining macroeconomic stability through fiscal policy mechanisms.

Incorporates perspectives from renowned economists Milton Friedman and Paul Samuelson on the consensus view of stabilizing effects.

Explores the relationship between business cycles and built-in stabilizers in post-war economic policy frameworks.

Published by Springer, providing peer-reviewed academic analysis of economic policy and development theories.

Addresses contemporary debates about whether automatic stabilizers should be rebuilt and strengthened in modern economies.

Product Specifications

Format
paperback
Domain
Amazon UK
Publication Date
04 October 2012
Listed Since
06 December 2012

Barcode

No barcode data available

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