Monetary and fiscal dynamics /

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:...

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Bibliographic Details
Main Author: Carlberg, Michael
Corporate Author: SpringerLink (Online service)
Format: eBook
Language:English
Published: Heidelberg : New York : Physica-Verlag ; Springer-Verlag, [1992]
Series:Studies in contemporary economics.
Subjects:
Online Access:Connect to the full text of this electronic book

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