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Monetary and Fiscal Dynamics

  • Couverture cartonnée
  • 204 Nombre de pages
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The analysis will be conducted within an IS-LM model augmented by the dynamics of money wages, private capital and public debt. A ... Lire la suite
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Description

The analysis will be conducted within an IS-LM model augmented 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 continuously adapts the quantity of money so as to keep up full employment all the time. And the government continuously accommodated its purchases of goods and services. Can this be sustained? Or will public debt tend to explode, thereby driving the stock of capital down to zero?

Contenu

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.- 12.1. Stability.- 12.2. Macroshocks.- 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.- 4.1. Stability.- 4.2. Macroshocks.- 5. Fixed Money Wages.- 5.1. Stability.- 5.2. Macroshocks.- 6. Slow Money Wages.- 7. Continuous Budget Balance.- 8. Monetary Policy.- 9. Fiscal Policy.- 9.1. Stability.- 9.2. Macroshocks.- 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.

Informations sur le produit

Titre: Monetary and Fiscal Dynamics
Auteur:
Code EAN: 9783790806199
ISBN: 3790806196
Format: Couverture cartonnée
Genre: Economie publique
nombre de pages: 204
Poids: 363g
Taille: H244mm x B167mm x T20mm
Année: 1992
Auflage: Softcover reprint of the original 1st ed. 1992

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