Monetary and Fiscal Dynamics

Monetary and Fiscal Dynamics by Michael Carlberg.

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:...

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Bibliographic Details
Main Author: Carlberg, Michael (Author)
Corporate Author: SpringerLink (Online service)
Format: eBook
Language:English
Published: Heidelberg : Physica-Verlag HD : Imprint: Physica, 1992.
Edition:1st ed. 1992.
Series:Studies in Contemporary Economics,
Springer eBook Collection.
Subjects:
Economics.
Management science.
Electronic resources (E-books)
Online Access:Click to view e-book
Holy Cross Note:Loaded electronically.
Electronic access restricted to members of the Holy Cross Community.
Table of Contents:
  • I. Basic Model
  • 1. Overlapping Generations
  • 2. Short-Run Equilibrium
  • 3. IS-LM and AD-AS Diagrams
  • 4. Long-Run Equilibrium
  • 5. Stability
  • 6. Monetary Shock
  • 7. Savings Shock
  • 8. Demographic Shock
  • 9. Investment Shock
  • 10. Wage Shock
  • 11. Flexible Money Wages
  • 12. Fixed Money Wages
  • 13. Monetary Policy
  • 14. Cyclical Adjustment
  • II. Economy with Public Sector
  • 1. Overlapping Generations
  • 2. Short-Run Equilibrium
  • 3. Long-Run Equilibrium
  • 4. Flexible Money Wages
  • 5. Fixed Money Wages
  • 6. Slow Money Wages
  • 7. Continuous Budget Balance
  • 8. Monetary Policy
  • 9. Fiscal Policy
  • 10. Monetary Policy versus Fiscal Policy
  • III. Growing Economy
  • 1. Solow Model
  • 2. Short-Run Equilibrium
  • 3. IS-LM and AD-AS Diagrams
  • 4. Long-Run Equilibrium
  • 5. Stability
  • 6. Monetary Shock
  • 7. Savings Shock
  • 8. Investment Shock
  • Conclusion
  • Result
  • Symbols
  • References.

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