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:...
| 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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