Ogólny zarys kierunków polityki reflacyjnej proponowanych przez przedstawicieli współczesnego neokcynesizmu

Abstract

The analysis of the data on the average annual rate of growth of consumer goods prices in OECD countries in the early 1980s and the inflation rate confirms the view held by J. Tobin that the 1980s are the period of disinflation as opposed to the 1970s - a period of inflation. This stimulated the debate over the necessity of application of strong counter-inflation measures. Neo-Keynesian economists call the policy mix employed in the USA in the 1980s a prescription for stimulation of consumption and a lowering of investment. They underline the necessity to restore balance to the federal budget, increase investment expenditure and reduce armament spending and simultaneously to raise the tax rate. A cut in the interest rate and increase in spending on public works should serve to alleviate the effects of the increased tax rate. A number of economists also think that efforts to raise employment should induce OECD countries to accept a coordinated counter-inflationary policy.