Provides a brief introduction to the fiscal policy, including fiscal multiplier. Uses the experience of Ireland in 1980 to explore the possibility that financial cuts - tax increases and spending, spending - can stimulate economic growth (in contrast to conventional Keynesian wisdom) through confidence effects and a sound basis for financial stability in the medium term . Rewritten version of the earlier notes. "Hide
Hugh Pill for 15 pages. Publication Date: December 2, 2004. Prod. #: 705015-PDF-ENG
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