Monetary and fiscal dynamics / Michael Carlberg.

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
Online Access: Full Text (via Springer)
Main Author: Carlberg, Michael
Format: eBook
Language:English
Published: Heidelberg : New York : Physica-Verlag ; Springer-Verlag, ©1992.
Series:Studies in contemporary economics.
Subjects:

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245 1 0 |a Monetary and fiscal dynamics /  |c Michael Carlberg. 
260 |a Heidelberg :  |b Physica-Verlag ;  |a New York :  |b Springer-Verlag,  |c ©1992. 
300 |a 1 online resource (viii, 194 pages) :  |b illustrations. 
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490 1 |a Studies in contemporary economics. 
504 |a Includes bibliographical reference (pages 179-189) and index. 
520 |a 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? 
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650 0 |a Monetary policy  |x Econometric models. 
650 0 |a Fiscal policy  |x Econometric models. 
650 0 |a Money  |x Econometric models. 
650 7 |a Fiscal policy  |x Econometric models.  |2 fast  |0 (OCoLC)fst00925810. 
650 7 |a Monetary policy  |x Econometric models.  |2 fast  |0 (OCoLC)fst01025234. 
650 7 |a Money  |x Econometric models.  |2 fast  |0 (OCoLC)fst01025273. 
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