Monetary and Fiscal Dynamics
Professor Dr. Michael Carlberg (auth.)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?
Categorias:
Ano:
1992
Edição:
1
Editora:
Physica-Verlag Heidelberg
Idioma:
english
Páginas:
194
ISBN 10:
3790806196
ISBN 13:
9783790806199
Série:
Studies in Contemporary Economics
Arquivo:
PDF, 3.92 MB
IPFS:
,
english, 1992
Este livro não está disponível para download devido à reclamação do detentor dos direitos autorais
Beware of he who would deny you access to information, for in his heart he dreams himself your master
Converter ficheiros 
Mais resultados de pesquisa
Outros benefícios 
