Téléchargez le livre : Business Cycle Dynamics and Stabilization Policies

Business Cycle Dynamics and Stabilization Policies

A Keynesian Approach de

Éditeur :

Springer


Collection :

Advances in Japanese Business and Economics

Paru le : 2017-05-09

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Description
This monograph is devoted to the analysis of the dynamics of business cycles and stabilization policies. The analysis is conducted in models of the AS-AD type, focusing on involuntary unemployment and capital accumulation. Major conclusions are the following. (1) Sectoral imbalances, once emphasized by such business-cycle theorists as K. Marx, A. Spiethoff, and F.A. Hayek, are rectified in finite time by competitive investment allocation, leaving aggregate variables as the main variables of business cycle dynamics. (2) The chronology of events during a cycle is established, which resolves the so-called real wage puzzle. (3) Owing to the crowding-out effect on investment, fiscal stabilization policies can destabilize the business cycle dynamics if implemented too intensively. (4) If coordinated properly, monetary stabilization policies can remove the destabilizing tendency of fiscal stabilization policies.
Pages
142 pages
Collection
Advances in Japanese Business and Economics
Parution
2017-05-09
Marque
Springer
EAN papier
9789811030802
EAN PDF
9789811030819
Informations sur l'ebook
Nombre pages copiables
1
Nombre pages imprimables
14
Taille du fichier
2365 Ko
Prix
94,94 €
EAN EPUB
9789811030819
Informations sur l'ebook
Nombre pages copiables
1
Nombre pages imprimables
14
Taille du fichier
1976 Ko
Prix
94,94 €

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