Monetary and Fiscal Dynamics (Studies in Contemporary Economics) book cover by Michael Carlberg

Monetary and Fiscal Dynamics (Studies in Contemporary Economics) [9783790806199]

Name: Monetary and Fiscal Dynamics (Studies in Contemporary Economics) [9783790806199]
SKU: 9783790806199
Availability: InStock

Author: Michael Carlberg

Paperback

SKU: 9783790806199

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Overview

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?

The book, Monetary and Fiscal Dynamics (Studies in Contemporary Economics) [Bulk, Wholesale, Quantity] ISBN#9783790806199 in Paperback by Michael Carlberg may be ordered in bulk quantities. Minimum starts at 25 copies. Availability based on publisher status and quantity being ordered.

Details

Author:

Michael Carlberg

Format:

Paperback

Publication Date:

06/17/1992

ISBN-13:

9783790806199

Pages:

194

Publisher:

Physica-Verlag HD

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