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Monetary and Fiscal Dynamics (Paperback, Softcover reprint of the original 1st ed. 1992) Loot Price: R2,638
Discovery Miles 26 380
Repayment Terms: R247 pm x 12*
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Monetary and Fiscal Dynamics (Paperback, Softcover reprint of the original 1st ed. 1992): Michael Carlberg

Monetary and Fiscal Dynamics (Paperback, Softcover reprint of the original 1st ed. 1992)

Michael Carlberg

Series: Studies in Contemporary Economics

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Loot Price R2,638 Discovery Miles 26 380 | Repayment Terms: R247 pm x 12*

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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?

General

Imprint: Physica-Verlag
Country of origin: Germany
Series: Studies in Contemporary Economics
Release date: April 1996
First published: 1992
Authors: Michael Carlberg
Dimensions: 244 x 170 x 10mm (L x W x T)
Format: Paperback
Pages: 194
Edition: Softcover reprint of the original 1st ed. 1992
ISBN-13: 978-3-7908-0619-9
Categories: Books > Business & Economics > Economics > Macroeconomics > Monetary economics
Books > Business & Economics > Economics > Labour economics > Employment & unemployment
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LSN: 3-7908-0619-6
Barcode: 9783790806199

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