TY  - BOOK
AU  - Naghshpour,Shahdad
TI  - Fiscal policy within the IS-LM framework /Shahdad Naghshpour
T2  - Economics collection,
SN  - 9781606497234
AV  - HJ192 .F573 2014
PY  - 2014///
CY  - New York, New York (222 East 46th Street, New York, NY 10017)
PB  - Business Expert Press
KW  - Fiscal policy
KW  - fiscal policy
KW  - interest rate
KW  - IS schedule
KW  - LM schedule
KW  - monetary policy
KW  - liquidity
N1  - Part of: 2013 digital library; 1 (pages 131-136) and index; Section I. Background and fundamental theories --; 1. A brief history of fiscal theory --; 2. Politics and fiscal policy --; 3. Two blades are better than one: the role of IS-LM --; Section II. Interest rate and fiscal theory --; 4. The role of interest rate in fiscal policy --; 5. Liquidity preference --; 6. Operation and effectiveness of fiscal policy --; 7. Questioning Keynesian theory --; Section III. Schools of thought in fiscal theory --; 8. New Keynesian school --; 9. Post Keynesian --; Section IV. The evidence --; 10. Empirical evidence regarding fiscal policy --; 11. Conclusion --; Glossary --; Notes --; References --; Index; 2; b; Also available in printing
N2  - Governments have become an integral part of economics in modern societies. The extent of government involvement is not limited to legislation, foreign policy, or law and order. Governments intervene in economic affairs by collecting taxes and spending what they collect. The amount of taxes and who pays them, as well as the amount of government expenditures and who receives them, has a significant impact on income distribution. However, the main focus of the study of fiscal policy is on the overall economic impact of government involvement in the economy, instead of its distributional effects. While we know that when a person is taxed his or her utility is reduced, and when someone receives a payment, either because of selling something to the government or in the form of transfer payment, that person's utility increases. However, economic theory is not able to determine what happens to social utility when one person is taxed and another person receives the government payment. By not addressing the utility effect of government intervention in the economy the need for finding an answer to what happens to collective utility vanishes and allows us to focus on what happens to aggregate economic measures when the government intervenes in economic activities
UR  - https://go.openathens.net/redirector/ciu.edu?url=https://portal.igpublish.com/iglibrary/search/BEPB0000229.html
ER  -