Monetary and Fiscal Dynamics

Monetary and Fiscal Dynamics

EnglishPaperback / softback
Carlberg Michael
Physica-Verlag
EAN: 9783790806199
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Detailed information

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: As a response to the shock, the central bank continuouslyadapts the quantity of money so as to keep up full employment all the time. And the government continuously accommodates its purchases of goods and services. Can this be sustained? Or will public debt tend to explode, thereby driving the stock of capial down to zero?
EAN 9783790806199
ISBN 3790806196
Binding Paperback / softback
Publisher Physica-Verlag
Publication date June 17, 1992
Pages 194
Language English
Dimensions 244 x 170
Country Germany
Readership Professional & Scholarly
Authors Carlberg Michael
Illustrations VIII, 194 p.
Edition Softcover reprint of the original 1st ed. 1992
Series Studies in Contemporary Economics
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