1. Monetary Policy, Fiscal Policy, and the Government Budget
Chapter 5
Monetary Policy, Fiscal Policy, and the Government Budget

2. Figure The Effect of an Increase in the Money Supply with a Normal LM Curve and a Vertical LM Curve
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3. Figure Effect of the Same Increase in the Real Money Supply with a Zero Interest Responsiveness of Spending and with a High Interest Responsiveness of the Demand for Money
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4. Figure Effect of a Fiscal Stimulus When Money Demand Has an Infinite and a Zero Interest Responsiveness
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5. Figure 5-4 The Effect on Real Income of a Fiscal Stimulus with Three Alternative Monetary Policies
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6. International Perspective Policy Paralysis in Japan
Source: IMF and OECD.
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7. International Perspective Policy Paralysis in Japan
Source: Bank of Japan and Federal Reserve Board
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8. Figure 5-5 The Federal Funds Rate, 1980–2002
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9. Figure 5-6 The Federal Government Budget, 1980–2005
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Source: Congressional Budget Office, January 2002.

10. Figure Real Government Expenditures, Real Government Revenues, and the Real Government Budget Deficit, 1900–2001
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11. Figure 5-8 The Relation Between the Government Budget Surplus or Deficit and Real Income
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12. Figure 5-9 Effect on the Budget Line of an Increase in Government Expenditures
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13. Figure 5-10 A Comparison of the Actual Budget and the Natural Employment Budget, 1955–2002
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14. Figure 5-11 Components of Net Saving and Investment, 1960–2001
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