This book develops current thinking on fiscal policy, emphasizing the role which fiscal policy can play in macroeconomic policy and challenging the view that macroeconomic policy should rely on monetary policy alone. This book offers theoretical insights in defence of fiscal policy as a valid macroeconomic instrument.

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, UK ELISABETTA DE ANTONI Associate Professor, Department of Economics, University of Trento, Italy GIUSEPPE FONTANA Senior Lecturer, University of Leeds, UK; Associate Professor, University of Sannio, Italy; Associate Member, Centre for Economic and Public Policy, University of Cambridge, UK EDWIN LE HERON Sciences Po Bordeaux, France FRANCESCO SARACENO Sciences Po Bordeaux, France