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Unemployment and Inflation in Economic Crises (Hardcover, 2012 ed.)
Loot Price: R3,185
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Unemployment and Inflation in Economic Crises (Hardcover, 2012 ed.)
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Total price: R3,205
Discovery Miles: 32 050
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This book studies unemployment and inflation in economic crises,
first considering the scenario of a demand shock in Europe. In that
case, monetary and fiscal interaction would cause widespread
oscillations in European unemployment and European inflation. And
what is more, there would be equally far-reaching fluctuations in
the European money supply and European government purchases. These
monetary and fiscal interactions would have no effects on the
American economy. Second, it examines the scenario of a supply
shock in Europe, in which monetary and fiscal interactions would
have no effects on European unemployment or European inflation;
there would also be an explosion of European government purchases
and an implosion of the European money supply. Monetary and fiscal
interactions would produce uniform oscillations in American
unemployment and American inflation. Lastly, we would also see an
implosion of both the American money supply and American government
purchases.
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