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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Full Text (via Springer) |
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| Format: | eBook |
| Language: | English |
| Published: |
Heidelberg : New York :
Physica-Verlag ; Springer-Verlag,
©1992.
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| Series: | Studies in contemporary economics.
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