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- W1505118937 abstract "Tobin (1980, pp. 46-48) stated: That government policies can be a source of instability is obvious. … That they are the only source of shocks to an intrinsically stable mechanism is a proposition that could be seriously advanced only by persons with extravagant faith in their own abstract models and with historical amnesia. … We can take some encouragement from the economic performance of the advanced democratic capitalist nations since the Second World War. On this point, Martin Baily has proved once more that a picture is worth a thousand words. His picture … shows how much more stable real output has been in the United States under conscious policies of built-in and discretionary stabilization adopted since 1946 and particularly since 1961." @default.
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- W1505118937 date "1989-04-01" @default.
- W1505118937 modified "2023-09-24" @default.
- W1505118937 title "Fiscal Policy in Postwar Japan" @default.
- W1505118937 cites W1600001357 @default.
- W1505118937 doi "https://doi.org/10.2753/jes1097-203x17033" @default.
- W1505118937 hasPublicationYear "1989" @default.
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