Michael Carlberg

(Author)

Monetary and Fiscal Dynamics (Softcover Reprint of the Original 1st 1992)Paperback - Softcover Reprint of the Original 1st 1992, 17 June 1992

Monetary and Fiscal Dynamics (Softcover Reprint of the Original 1st 1992)
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Part of Series
Studies in Contemporary Economics
Print Length
194 pages
Language
English
Publisher
Physica-Verlag
Date Published
17 Jun 1992
ISBN-10
3790806196
ISBN-13
9783790806199

Description

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?

Product Details

Author:
Michael Carlberg
Book Edition:
Softcover Reprint of the Original 1st 1992
Book Format:
Paperback
Country of Origin:
US
Date Published:
17 June 1992
Dimensions:
24.41 x 16.99 x 1.09 cm
ISBN-10:
3790806196
ISBN-13:
9783790806199
Language:
English
Location:
Heidelberg
Pages:
194
Publisher:
Weight:
331.12 gm

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