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Monetary and Fiscal Dynamics
Michael Carlberg
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Description for Monetary and Fiscal Dynamics
Paperback. A macroeconomic shock induces an extended process of adjustment that is characterized by unemployment. This is an analysis of the situation, conducted within an IS-LM model augmented by the dynamics of money wages, private capital and public debt. Series: Studies in Contemporary Economics. Num Pages: 194 pages, 6 black & white tables, biography. BIC Classification: KCBM; KCFM. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 244 x 170 x 10. Weight in Grams: 334.
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
1992
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
194
Condition
New
Series
Studies in Contemporary Economics
Number of Pages
194
Place of Publication
Heidelberg, Germany
ISBN
9783790806199
SKU
V9783790806199
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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