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Published in:
1983 | OriginalPaper | Chapter
Macroeconomic Policy: Two Approaches
Author : D. C. Rowan
Published in: Output, Inflation and Growth
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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The aim of this chapter is to give an account of ‘neo-Keynesian’ and ‘monetarist’ approaches to the conduct of macroeconomic policy with special reference to the UK. This is done, not with the intention of demonstrating that one approach is superior to the other, but in order to show, as clearly as possible, in what ways the two approaches differ and what issues in positive economics stand behind these differences.