| 书目名称 | Monetary and Fiscal Dynamics |
| 编辑 | Michael Carlberg |
| 视频video | |
| 丛书名称 | Studies in Contemporary Economics |
| 图书封面 |  |
| 描述 | The analysis will be conducted within an IS-LM model augmen-ted by the dynamics of money wages, private capital andpublic debt. A macroeconomic shock induces an extendedprocess of adjustment that is characterized byunemployment.This in turn requires a dynamic path of monetary andfiscalpolicy: As a response to the shock, the central bankcontinuouslyadapts the quantity of money so as to keep upfull employment all the time. And the governmentcontinuously accommodates its purchases of goods andservices. Can this be sustained? Or will public debt tend toexplode, thereby driving the stock of capial down to zero? |
| 出版日期 | Book 1992 |
| 关键词 | Employment; demography; fiscal policy; macroeconomics; monetary policy; unemployment |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-642-47689-1 |
| isbn_softcover | 978-3-7908-0619-9 |
| isbn_ebook | 978-3-642-47689-1Series ISSN 1431-8806 |
| issn_series | 1431-8806 |
| copyright | Physica-Verlag Heidelberg 1992 |
发表于 2025-3-21 17:08:56
