Monetary and Fiscal Dynamics
(Sprache: Englisch)
The analysis will be conducted within an IS-LM model augmen-ted by the dynamics of money wages, private capital andpublic debt. A macroeconomic shock induces an extendedprocess of adjustment that is characterized by unemployment.This in turn requires a...
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Klappentext zu „Monetary and Fiscal Dynamics “
The analysis will be conducted within an IS-LM model augmen-ted by the dynamics of money wages, private capital andpublic debt. A macroeconomic shock induces an extendedprocess of adjustment that is characterized by unemployment.This in turn requires a dynamic path of monetary and fiscalpolicy: As a response to the shock, the central bankcontinuouslyadapts the quantity of money so as to keep upfull employment all the time. And the governmentcontinuously accommodates its purchases of goods andservices. Can this be sustained? Or will public debt tend toexplode, thereby driving the stock of capial down to zero?
Inhaltsverzeichnis zu „Monetary and Fiscal Dynamics “
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.
Bibliographische Angaben
- Autor: Michael Carlberg
- 1992, VIII, 194 Seiten, Maße: 17,9 x 24,3 cm, Kartoniert (TB), Englisch
- Verlag: Physica-Verlag
- ISBN-10: 3790806196
- ISBN-13: 9783790806199
Sprache:
Englisch
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