The Debate Over Stabilization Policy


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This 1986 book examines some of the main issues that have characterized macroeconomics: the debate between 'monetarists' and 'Keynesians'; the response to demand shocks and supply shocks, by which the monetary authorities control aggregrate nominal income and the use and relevance of the money supply as a target; and the consumption function and the determinants of wealth. It shows that Keynesian stabilization policies succeeded in reducing instability due to demand shocks dramatically, but that no aggregrate demand policy ...

The Debate Over Stabilization Policy 2011, Cambridge University Press, Cambridge

ISBN-13: 9780521189705

Trade paperback

The Debate Over Stabilization Policy 1986, Cambridge University Press, Cambridge, England

ISBN-13: 9780521267908