Titlebook: Business Cycle Dynamics and Stabilization Policies; A Keynesian Approach Hajime Hori Book 2017 Springer Nature Singapore Pte Ltd. 2017 Unem

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Stabilization Policies and Business Cycle Dynamics,me dynamic repercussions in the process. This chapter analyzes the dynamic interplay between stabilization policies, capital accumulation, and business cycles. Capital accumulation is an integral part of business cycles. It is not just a component of demand but an addition to the economy’s productiv

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Stabilization Policies and Business Cycle Dynamics, entire shape of business cycles. Assuming a feedback-type policy function, it is shown that, due to the crowding-out effect of fiscal expenditures, too intensive implementation of fiscal stabilization policies leads to instability of the dynamics, but that suitably coordinated monetary policy may be capable of recovering stability.

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Book 2017so-called real wage puzzle. (3) Owing to the crowding-out effect on investment, fiscal stabilization policies can destabilize the business cycle dynamics if implemented too intensively. (4) If coordinated properly, monetary stabilization policies can remove the destabilizing tendency of fiscal stabilization policies.

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