See fiscalism in All languages combined, or Wiktionary
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M. Mithani, Dynamics of Monetary-Fiscal Policy: An Indian Perspective, Himalaya Publishing House, page 28.\nThe doctrine of fiscalism, in essence, implies that money doesn not matter so much as the monetarists make it out. The fiscalists hold that monetary policy is important, but its potency is weakened by the institutional forces. To them, fiscal policy is, by and large, a more effective and powerful economic stabilisation device.", "type": "quotation" }, { "ref": "1997, Brian Snowdon, Howard R. Vane, “The development of modern macroeconomics: A rough guide”, in Brian Snowdon, Howard R. Vane, editors, A Macroeconomics Reader, Routledge, published 2003:", "text": "With a relatively inelastic IS curve and a relatively elastic LM curve Keynesianism became synonymous with 'fiscalism' and policies to fine tune the macroeconomy.", "type": "quote" }, { "ref": "2014, Jim Tomlinson, British Macroeconomic Policy since 1940, Routledge Revivals:", "text": "Despite this view of the importance (or lack of it) of fiscal policy for full employment it is also important to note that 'fiscalism' did become deeply entrenched in Britain in this period. Budgetary policy became the centre piece of macro-economic policy to an extent to which no other country can compare (Dow 1964, p.178).", "type": "quote" }, { "ref": "2017, Chris Jefferis, The Dialectics of Liquidity Crisis, →ISBN, page 41:", "text": "Minsky's work factored in the transformation away from fiscalism that characterised the “long 1970s” and contributed to the development of \"Post-Keynesian\" economics, an intellectual program dedicated to revolutionising macro-economics in a way that was true to the spirit of Keynes eschewing the Neo-clasical synthesis inherent to the IS/LM models that formed the basis of fiscalism.", "type": "quote" } ], "glosses": [ "The belief that fiscal policy should function as the primary macroeconomic stabiliser (e.g. for controlling inflation), often associated with the IS–LM model." ], "id": "en-fiscalism-en-noun--CiOTOET", "links": [ [ "economics", "economics" ], [ "fiscal", "fiscal" ], [ "policy", "policy" ], [ "macroeconomic", "macroeconomic" ], [ "stabiliser", "stabiliser" ] ], "raw_glosses": [ "(economics) The belief that fiscal policy should function as the primary macroeconomic stabiliser (e.g. for controlling inflation), often associated with the IS–LM model." ], "tags": [ "uncountable" ], "topics": [ "economics", "sciences" ], "translations": [ { "_dis1": "4 4 92", "code": "de", "lang": "German", "sense": "Translations", "tags": [ "masculine" ], "word": "Fiskalismus" }, { "_dis1": "4 4 92", "code": "it", "lang": "Italian", "sense": "Translations", "tags": [ "masculine" ], "word": "fiscalismo" } ] } ], "wikipedia": [ "fiscalism" ], "word": "fiscalism" }
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M. Mithani, Dynamics of Monetary-Fiscal Policy: An Indian Perspective, Himalaya Publishing House, page 28.\nThe doctrine of fiscalism, in essence, implies that money doesn not matter so much as the monetarists make it out. The fiscalists hold that monetary policy is important, but its potency is weakened by the institutional forces. To them, fiscal policy is, by and large, a more effective and powerful economic stabilisation device.", "type": "quotation" }, { "ref": "1997, Brian Snowdon, Howard R. Vane, “The development of modern macroeconomics: A rough guide”, in Brian Snowdon, Howard R. Vane, editors, A Macroeconomics Reader, Routledge, published 2003:", "text": "With a relatively inelastic IS curve and a relatively elastic LM curve Keynesianism became synonymous with 'fiscalism' and policies to fine tune the macroeconomy.", "type": "quote" }, { "ref": "2014, Jim Tomlinson, British Macroeconomic Policy since 1940, Routledge Revivals:", "text": "Despite this view of the importance (or lack of it) of fiscal policy for full employment it is also important to note that 'fiscalism' did become deeply entrenched in Britain in this period. Budgetary policy became the centre piece of macro-economic policy to an extent to which no other country can compare (Dow 1964, p.178).", "type": "quote" }, { "ref": "2017, Chris Jefferis, The Dialectics of Liquidity Crisis, →ISBN, page 41:", "text": "Minsky's work factored in the transformation away from fiscalism that characterised the “long 1970s” and contributed to the development of \"Post-Keynesian\" economics, an intellectual program dedicated to revolutionising macro-economics in a way that was true to the spirit of Keynes eschewing the Neo-clasical synthesis inherent to the IS/LM models that formed the basis of fiscalism.", "type": "quote" } ], "glosses": [ "The belief that fiscal policy should function as the primary macroeconomic stabiliser (e.g. for controlling inflation), often associated with the IS–LM model." ], "links": [ [ "economics", "economics" ], [ "fiscal", "fiscal" ], [ "policy", "policy" ], [ "macroeconomic", "macroeconomic" ], [ "stabiliser", "stabiliser" ] ], "raw_glosses": [ "(economics) The belief that fiscal policy should function as the primary macroeconomic stabiliser (e.g. for controlling inflation), often associated with the IS–LM model." ], "tags": [ "uncountable" ], "topics": [ "economics", "sciences" ] } ], "translations": [ { "code": "de", "lang": "German", "sense": "Translations", "tags": [ "masculine" ], "word": "Fiskalismus" }, { "code": "it", "lang": "Italian", "sense": "Translations", "tags": [ "masculine" ], "word": "fiscalismo" } ], "wikipedia": [ "fiscalism" ], "word": "fiscalism" }
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