Between Scyla (inflation) and Caribdis (recession)
Article Sidebar
Main Article Content
Abstract
The author maintains that the art of politics consists of reaching a high level of growth and creation of employment within a framework of stable prices and budgetary balance; the risk being to suffer inflation or recession. He reminds us that the shock caused by oil prices rises in 1973 was fought with a policy of offer. On the other hand, in 1999 the fear of deflation has once again placed the policy of demand in the foreground. The danger of recession in the United States makes us fear a similar situation for Spanish economy. The author closes by proposing an antidepressant policy followed, once recuperation begins, by an anti– inflationist policy
Downloads
Article Details
The authors acknowledge that the Revista de Fomento Social assumes as its own the intellectual property rights over their work and grant the journal the permissions of distribution and public communication of the same established in the Berlin, Bethesda and Budapest declarations; for this reason they accept that the work presented be distributed in open access, protecting the copyright under a "Creative Commons Attribution-NonCommercial-NoDerivativeWorks 4.0 (CC BY-NC-ND) license.
You may copy, use, disseminate, transmit and publicly display provided that:
Cite the authorship of the work, the publication in Revista de Fomento Social, issue, year and the pages where you found the information.
No commercial benefit may be obtained.
No derivative works may be made for commercial purposes that are not authorized by the journal.
Authors are encouraged to disseminate the article electronically (Revista de Fomento Social, number, year, pagination, ISSN, DOI, etc.), in order to favor its circulation and diffusion, increase its citation and reach among the academic community.
The information of the journal will be provided to Dulcinea