The Medium-Term Macroeconomic Strategy Revisited:

This paper discusses several aspects of the medium-term orientation of OECD countries' economic policies in the 1980s, concentrating on monetary and fiscal instruments. The developments that led to the adoption of such a "medium-term strategy", and the apparent analytical rationale fo...

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Bibliographic Details
Main Author: Chouraqui, Jean-Claude (Author)
Other Authors: Clinton, Kevin (Contributor), Montador, Robert Bruce (Contributor)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 1987
Series:OECD Economics Department Working Papers
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Online Access:Volltext
Summary:This paper discusses several aspects of the medium-term orientation of OECD countries' economic policies in the 1980s, concentrating on monetary and fiscal instruments. The developments that led to the adoption of such a "medium-term strategy", and the apparent analytical rationale for it, are first described. The paper then examines the way the strategy was actually implemented, attempting to judge how closely policies have in fact followed medium-term objectives, and assesses the results. Some lessons from experience with the strategy are outlined in conclusion ...
Physical Description:1 Online-Ressource (43 Seiten) 21 x 29.7cm
DOI:10.1787/432567751277

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