Keynes's idea was very simple. Monetary and fiscal policy should have a single goal, jointly pursued, of maintaining a full employment level aggregate demand.
Ch. 8 : Keynes for Today - John Maynard Keynes: The Return of the Master (2009)
Keynes's idea was very simple. Monetary and fiscal policy should have a single goal, jointly pursued, of maintaining a full employment level aggregate demand.
Ch. 8 : Keynes for Today - John Maynard Keynes: The Return of the Master (2009)