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Monetary and Fiscal Dynamics - Carlberg, Michael

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 ...

Monetary and Fiscal Dynamics 1992, Physica-Verlag

ISBN-13: 9783790806199

Softcover Reprint of the Origi edition

Trade paperback

Monetary and Fiscal Dynamics 1992, Physica-Verlag, [Heidelberg]

ISBN-13: 9780387914237

Unknown binding