http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
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 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.
From the contents: A Two-Sector Disequilibrium Model: Two-, Three- and Multisector Models in the Economic Literature. Assumptions of the Model. The Equations of the Model. The Dynamical System -- Growth and Business Cycles: Evolution of the Economy under Normal Conditions. Depression and Expansion Regimes. Technical Progress and Economic Fluctuations -- Stabilization Policies: Unstable Growth Paths and Effectiveness of Fiscal Policies. Further Equations. Balancing the Budget: Equilibria and Stability. Anti-inflationary Policies. Expansionary Policies -- The Open Economy: Importing from a Developing Country: Industrialization in an Open Economy. The Developed Country and the Developing one. Perturbation of Equilibria and Stabilization Policies: The Early Phase. Perturbation of Equilibria and Stabilization Policies: The Further Phase. Remarks and Open Problems. Conclusions -- Appendices -- List of Figures -- List of Symbols -- References. The complete table of contents can be found on the Internet: http://www.springer.de.
Lecture notes in economics and mathematical systems ; 500