Monetary and Fiscal Dynamics

Name: Monetary and Fiscal Dynamics
Author: Michael Carlberg

Specificaties

Paperback, 194 blz. | Engels

Physica-Verlag HD | 0e druk, 1992

ISBN13: 9783790806199

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Juridisch :

Physica-Verlag HD 0e druk, 1992 9783790806199

Onderdeel van serie Studies in Contemporary Economics

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Samenvatting

The analysis will be conducted within an IS-LM model augmen-
ted by the dynamics of money wages, private capital and
public debt. A macroeconomic shock induces an extended
process of adjustment that is characterized by unemployment.
This in turn requires a dynamic path of monetary and fiscal
policy: As a response to the shock, the central bank
continuouslyadapts the quantity of money so as to keep up
full employment all the time. And the government
continuously accommodates its purchases of goods and
services. Can this be sustained? Or will public debt tend to
explode, thereby driving the stock of capial down to zero?

Specificaties

ISBN13:9783790806199

Taal:Engels

Bindwijze:paperback

Aantal pagina's:194

Uitgever:Physica-Verlag HD

Druk:0

Hoofdrubriek:Economie, Algemeen management

Serie:Studies in Contemporary Economics

Inhoudsopgave

I. Basic Model.- 1. Overlapping Generations.- 2. Short-Run Equilibrium.- 3. IS-LM and AD-AS Diagrams.- 4. Long-Run Equilibrium.- 5. Stability.- 6. Monetary Shock.- 7. Savings Shock.- 8. Demographic Shock.- 9. Investment Shock.- 10. Wage Shock.- 11. Flexible Money Wages.- 12. Fixed Money Wages.- 13. Monetary Policy.- 14. Cyclical Adjustment.- II. Economy with Public Sector.- 1. Overlapping Generations.- 2. Short-Run Equilibrium.- 3. Long-Run Equilibrium.- 4. Flexible Money Wages.- 5. Fixed Money Wages.- 6. Slow Money Wages.- 7. Continuous Budget Balance.- 8. Monetary Policy.- 9. Fiscal Policy.- 10. Monetary Policy versus Fiscal Policy.- III. Growing Economy.- 1. Solow Model.- 2. Short-Run Equilibrium.- 3. IS-LM and AD-AS Diagrams.- 4. Long-Run Equilibrium.- 5. Stability.- 6. Monetary Shock.- 7. Savings Shock.- 8. Investment Shock.- Conclusion.- Result.- Symbols.- References.

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