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Business Cycle Dynamics and Stabilization Policies
Hajime Hori
€ 108.24
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Description for Business Cycle Dynamics and Stabilization Policies
Hardback. Series: Advances in Japanese Business and Economics. Num Pages: 142 pages, 12 black & white illustrations, biography. BIC Classification: KCA; KCP. Category: (P) Professional & Vocational. Dimension: 235 x 155. .
This monograph is devoted to the analysis of the dynamics of business cycles and stabilization policies. The analysis is conducted in models of the AS-AD type, focusing on involuntary unemployment and capital accumulation. Major conclusions are the following. (1) Sectoral imbalances, once emphasized by such business-cycle theorists as K. Marx, A. Spiethoff, and F.A. Hayek, are rectified in finite time by competitive investment allocation, leaving aggregate variables as the main variables of business cycle dynamics. (2) The chronology of events during a cycle is established, which resolves the so-called real wage puzzle. (3) Owing to the crowding-out effect on investment, ... Read more
This monograph is devoted to the analysis of the dynamics of business cycles and stabilization policies. The analysis is conducted in models of the AS-AD type, focusing on involuntary unemployment and capital accumulation. Major conclusions are the following. (1) Sectoral imbalances, once emphasized by such business-cycle theorists as K. Marx, A. Spiethoff, and F.A. Hayek, are rectified in finite time by competitive investment allocation, leaving aggregate variables as the main variables of business cycle dynamics. (2) The chronology of events during a cycle is established, which resolves the so-called real wage puzzle. (3) Owing to the crowding-out effect on investment, ... Read more
Product Details
Format
Hardback
Publication date
2017
Publisher
Springer Verlag, Singapore Singapore
Number of pages
142
Condition
New
Series
Advances in Japanese Business and Economics
Number of Pages
142
Place of Publication
Singapore, Singapore
ISBN
9789811030802
SKU
V9789811030802
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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