Abstract

LEVY ORLIK, Noemi. Fiscal Policy and Economic Imbalances: The impact of the composition of public spending on growth of the Mexican economy. Economía UNAM [online]. 2016, vol.13, n.39, pp.82-105. ISSN 1665-952X.

Fiscal deficits are related to J.M. Keynes proposals that were put discussed in the light of the European interwar period, the 1929 crisis and the Beveridge Report. Keynes main goals were to combat unemployment and make economic proposals for the European post-Second War World. It is highlighted that there is no precise definition of fiscal policy in Keynes writings, and the arguments in favour government direct intervention in economic activity needs to be understand because of the monetary policy failure of attaining full employment of economic resources.

Keywords : Inequality; Economic growth; Income and Wealth Redistribution; Taxes; Wages.

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