Fiscal policy influences the economy through government spending ... Short-term priorities may reflect the business cycle or response to a natural disaster or global food or fuel price spikes. The ...

Fiscal policy is largely based on ideas from British economist John Maynard Keynes. Keynes argued that governments could stabilize the business cycle and regulate economic output rather than let ...

Keynesian theory’s popularity waned then because it had no appropriate policy response for stagflation. Monetarist economists doubted the ability of governments to regulate the business cycle with ...

"Business Cycle Dating." National Bureau of Economic ... International Monetary Fund. "Fiscal Policy: Taking and Giving Away." International Monetary Fund. "Monetary Policy: Stabilizing Prices ...

Pill, Huw. "Fiscal Policy and the Case of Expansionary Fiscal Contraction in Ireland in the 1980s." Harvard Business School Background Note 705-015, December 2004. (Revised December 2004.) ...