Keynesian view of fiscal policy
GPTKB entity
Statements (18)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:advocatesFor |
active fiscal policy
|
| gptkbp:aimsTo |
reduce unemployment
stimulate economic growth |
| gptkbp:associatedWith |
gptkb:John_Maynard_Keynes
|
| gptkbp:contrastsWith |
classical view of fiscal policy
|
| gptkbp:criticizedFor |
gptkb:monetarists
|
| gptkbp:emphasizes |
gptkb:public_policy
|
| gptkbp:focusesOn |
aggregate demand
|
| gptkbp:hasViewOf |
fiscal deficits as acceptable in downturns
|
| https://www.w3.org/2000/01/rdf-schema#label |
Keynesian view of fiscal policy
|
| gptkbp:influenced |
New Deal policies
modern macroeconomic policy |
| gptkbp:proposedBy |
multiplier effect
|
| gptkbp:recommendation |
increased government spending during recessions
tax cuts during economic downturns |
| gptkbp:bfsParent |
gptkb:Barro-Ricardo_equivalence
|
| gptkbp:bfsLayer |
7
|