The control of the economy

J. STEINDL

Abstract


The control of the economy is examined in terms of the relationships between instruments and targets. The endogeneity of the budget deficit is analysed, exploring 'reflation' as a possible solution, and it is shown that monetarism has changed people's response patterns. The mechanical approach to economic management, and particularly inflation, is rejected in favour of political solutions and long-term planning.

 

JEL: E43, E52


Keywords


Economic control, instruments, targets, monetarism, inflation, policy

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Copyright (c) 2016 J. STEINDL

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

 

 

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ISSN 2037-3643


Reg. Tribunale di Roma n.377/2009 del 19/11/2009