LEADER 03862nam 2200673 450 001 9910790706303321 005 20230125213719.0 010 $a1-60649-723-5 035 $a(CKB)2550000001180894 035 $a(EBL)1586575 035 $a(SSID)ssj0001215857 035 $a(PQKBManifestationID)11792089 035 $a(PQKBTitleCode)TC0001215857 035 $a(PQKBWorkID)11179319 035 $a(PQKB)10027891 035 $a(OCoLC)869630638 035 $a(CaBNVSL)swl00403093 035 $a(Au-PeEL)EBL1586575 035 $a(CaPaEBR)ebr10830085 035 $a(CaONFJC)MIL560949 035 $a(CaSebORM)9781606497234 035 $a(MiAaPQ)EBC1586575 035 $a(EXLCZ)992550000001180894 100 $a20140125d2014 fy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFiscal policy within the IS-LM framework /$fShahdad Naghshpour 205 $aFirst edition. 210 1$aNew York, New York (222 East 46th Street, New York, NY 10017) :$cBusiness Expert Press,$d2014. 215 $a1 online resource (158 p.) 225 1 $aEconomics collection,$x2163-7628 300 $aPart of: 2013 digital library. 311 $a1-60649-722-7 311 $a1-306-29698-6 320 $aIncludes bibliographical references (pages 131-136) and index. 327 $aSection 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. 330 3 $aGovernments have become an integral part of economics in modern societies. The extent of government involvement is not limited to legislation, foreign policy, or law and order. Governments intervene in economic affairs by collecting taxes and spending what they collect. The amount of taxes and who pays them, as well as the amount of government expenditures and who receives them, has a significant impact on income distribution. However, the main focus of the study of fiscal policy is on the overall economic impact of government involvement in the economy, instead of its distributional effects. While we know that when a person is taxed his or her utility is reduced, and when someone receives a payment, either because of selling something to the government or in the form of transfer payment, that person's utility increases. However, economic theory is not able to determine what happens to social utility when one person is taxed and another person receives the government payment. By not addressing the utility effect of government intervention in the economy the need for finding an answer to what happens to collective utility vanishes and allows us to focus on what happens to aggregate economic measures when the government intervenes in economic activities. 410 0$a2013 digital library. 410 0$aEconomics collection.$x2163-7628 606 $aFiscal policy 610 $afiscal policy 610 $ainterest rate 610 $aIS schedule 610 $aLM schedule 610 $amonetary policy 610 $aliquidity 615 0$aFiscal policy. 676 $a339.52 700 $aNaghshpour$b Shahdad.$0890738 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910790706303321 996 $aFiscal policy within the IS-LM framework$93707613 997 $aUNINA