Current Thinking on Fiscal Policy

PHILIP ARESTIS University Director of Research, Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UK; Adjunct Professor of Economics, University of Utah, US; Senior Scholar, Levy Economics Institute, New York, US; Visiting Professor, University of Leeds, UK; Visiting Professor, School of Oriental and African Studies (SOAS), University of London, UKELISABETTA DE ANTONI Associate Professor, Department of Economics, University of Trento, ItalyGIUSEPPE FONTANA Senior Lecturer, University of Leeds, UK; Associate Professor, University of Sannio, Italy; Associate Member, Centre for Economic and Public Policy, University of Cambridge, UKEDWIN LE HERON Sciences Po Bordeaux, FranceFRANCESCO SARACENO Sciences Po Bordeaux, France

• Introduction; J.Creel & M.Sawyer Fiscal Policy Within the 'New consensus in Macroeconomics' Framework; P.Arestis Fiscal Policy in Today's Endogenous Money World; G.Fontana Minsky's Financial Instability Hypothesis: The Crucial Role of Fiscal Policy; P.Arestis & E.De Antoni The Continuing Relevance of Fiscal Policy; M.Sawyer The Intertemporal Budget Constraint and the Sustainability of Budget Deficits; P.Arestis & M.Sawyer Automatic Stabilisation, Discretionary Policy and the Stability Pact; J.Creel & F.Saraceno Monetary and Fiscal Policies in a Keynesian Stock-flow Consistent Model; E.Le Heron