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Business Cycles and Macroeconomic Stability
. Ed(S): Hairault, Jean-Olivier; Henin, Pierre-Yves; Portier, Franck
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Description for Business Cycles and Macroeconomic Stability
Hardback. This volume describes the stabilization properties of fiscal policies on business cycles and growth within dynamic equilibrium models. It also gives attention to automatic stabilization within an economic union. Editor(s): Hairault, Jean-Olivier; Henin, Pierre-Yves; Portier, Franck. Num Pages: 341 pages, biography. BIC Classification: KCB. Category: (P) Professional & Vocational. Dimension: 244 x 170 x 22. Weight in Grams: 698.
Setting the issue "Most economists consider the marked increase in automatic stabilizers a highly favorable development with respect to maintenance of economic stability". Besides the rare privilege of having being signed by both Milton Friedman and Paul Samuelson (Depres,Friedman, Hart, Samuelson, and Wallace [1950]), among others, this sentence expressed as soon as 1950 the consensus view on the stabilizing effect of fiscal rules governing tax revenue and public expendi tures and transfers. This positive ex ante assessment will have been confirmed ex post as part of the explanation for post war stabilization (Burns [1960], de Long and Summers [1986], Moore ... Read more
Setting the issue "Most economists consider the marked increase in automatic stabilizers a highly favorable development with respect to maintenance of economic stability". Besides the rare privilege of having being signed by both Milton Friedman and Paul Samuelson (Depres,Friedman, Hart, Samuelson, and Wallace [1950]), among others, this sentence expressed as soon as 1950 the consensus view on the stabilizing effect of fiscal rules governing tax revenue and public expendi tures and transfers. This positive ex ante assessment will have been confirmed ex post as part of the explanation for post war stabilization (Burns [1960], de Long and Summers [1986], Moore ... Read more
Product Details
Format
Hardback
Publication date
1997
Publisher
Kluwer Academic Publishers United States
Number of pages
341
Condition
New
Number of Pages
341
Place of Publication
Dordrecht, Netherlands
ISBN
9780792399070
SKU
V9780792399070
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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