New Thinking on Fiscal Policy

From the frontiers of knowledge (yes, it’s grading time again): “Fiscal contraction was first noticed in the 1960s by a man by the name of Fiscal and it was him who derived the short, medium and long run effects¬†of it and how they would occur and the reasons for it…”¬†

4 replies on “New Thinking on Fiscal Policy”

Indeed. I believe he was very stout and had a big head on him. It’s said that he was a keen student of liquidity and was the (unacknowledged) joint author with O.E. Covick of the seminal paper “The quantity theory of drink – a restatement” in Australian Economic Papers (1974).

Ah, I remember there was a portrait of the old geezer hanging in the Institute for Fiscal Studies.

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