Mention693471

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so:text Mundell’s models allowed a significant role for fiscal policy, especially under fixed exchange rates. However, the treatment was entirely Keynesian—an increased budget deficit operated solely by raising the aggregate demand for goods. Moreover, increases in government spending and cuts in taxes had pretty much the same effect on the economy. (en)
so:isPartOf https://en.wikiquote.org/wiki/Robert_Barro
so:description Nothing Is Sacred (2002) (en)
so:description ;Ch. 1, Thoughts on Friends and Other Noteworthy Persons (en)
so:description ; Introduction (en)
qkg:hasContext qkg:Context341522
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qkg:Quotation657720 qkg:hasMention
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