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Titlebook: Essays in Macroeconomics of an Open Economy; Franz Gehrels Book 1991 Springer-Verlag Berlin Heidelberg 1991 Growth.Inflation.Macroeconomic

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书目名称Essays in Macroeconomics of an Open Economy
编辑Franz Gehrels
视频video
丛书名称Lecture Notes in Economics and Mathematical Systems
图书封面Titlebook: Essays in Macroeconomics of an Open Economy;  Franz Gehrels Book 1991 Springer-Verlag Berlin Heidelberg 1991 Growth.Inflation.Macroeconomic
描述The large aggregates in the economy - consumption, investment, production of the domestic and the international sectors, international capital flows, financial accumulation and indebtedness - are analysed in this book as problems in time-optimisation for enterprises and households. The effects of fiscal and monetary policies along with exchange-rate variation are examined, and their simultaneous use for stabilizing demand are found to be necessary. All household decisions on consumptions, savings, and financial disposition are conditioned by uncertainty, and similarly for firms, who make more complex simultaneous decisions on production, real investment, financing, and market strategy. The marginal efficiency-of-investment function derived from these decisions is fundamentally different from the marginal productivity of capital in the neoclassical sense. An economy which grows through the accumulation of capital, increase in labor supply, and technological progress is the framework in which all of these variables move. This codetermines the allocation of factors between domestic and international production, and the development of foreign trade. The growth both of the public debt a
出版日期Book 1991
关键词Growth; Inflation; Macroeconomics; Makroökonomie; Open Economy; Volkswirtschaft; Wachstum; production
版次1
doihttps://doi.org/10.1007/978-3-642-95659-1
isbn_softcover978-3-540-54074-8
isbn_ebook978-3-642-95659-1Series ISSN 0075-8442 Series E-ISSN 2196-9957
issn_series 0075-8442
copyrightSpringer-Verlag Berlin Heidelberg 1991
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S. Hamidreza Jamali,Tho Le-Ngocbesides the rate of interest. At least as important, we consider real investment behavior in three distinct sectors: the domestic, making non-tradables; the international, making exportables and importables; and the foreign sector, where investment in production facilities responds to policy measures taken at home.
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Code-Switching Across Time and Space,ion, stability, capital accumulation, business and household behavior, adjustment of financial markets, and the implications of these for stabilization policy. In comparison with another book bearing a related title, Dombusch (1980), the emphasis is not on balance-of-payments adjustment, although th
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Shaowei Jiang,Tianbo Wang,Guoan Zhengn the next those of enterprises. . In the case of microeconomics, be it of the partial-equilibrium or of the general-equilibrium sort, much of what is interesting can be said without explicit reference to time (an exception being the time path from disequilibrium back to equilibrium). But in dealing
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