John Maynard Keynes

FAQ About John Maynard Keynes

What is the fiscal policy according to Keynes? John Maynard Keynes
12 days ago | beth

What is the fiscal policy according to Keynes?

According to Keynesian economics, fiscal policy involves government changing levels of taxation and spending to influence economic outcomes. Keynes believed that during a recession, governments should increase spending and decrease taxes to stimulate demand. Conversely, during economic booms, governments might tax more and spend less to cool down the economy.