Technical Progress and Economic Growth : Business Cycles and Stabilization Policies /
The book revisits the subject matter of macroeconomic theory in a two-sector disequilibrium model inspired by the structural theories of the business cycle developed by Tugan-Baranowski, Aftalion, Fanno, and Lowe. The functioning of each market is modeled following Hicks: the features of each market...
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| Format: | eBook |
| Language: | English |
| Published: |
Berlin, Heidelberg :
Springer Berlin Heidelberg,
2001.
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| Series: | Lecture notes in economics and mathematical systems ;
500. |
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | The book revisits the subject matter of macroeconomic theory in a two-sector disequilibrium model inspired by the structural theories of the business cycle developed by Tugan-Baranowski, Aftalion, Fanno, and Lowe. The functioning of each market is modeled following Hicks: the features of each market depend on the characteristics of the goods traded. In this framework, endogenous irregular business cycles arise. The issues of the impact of technical progress and the effectiveness of a stabilizing fiscal policy are thoroughly discussed. The book concludes with a discussion of all of these problems in a case of open economy. |
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| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (xvii, 194 pages) |
| ISBN: | 9783642566592 (electronic bk.) 3642566596 (electronic bk.) |
| ISSN: | 0075-8442 ; |