Monetary and Fiscal Dynamics

Monetary and Fiscal Dynamics

Michael Carlberg

134,34 €
IVA incluido
Disponible
Editorial:
Springer Nature B.V.
Año de edición:
1992
Materia
Economía monetaria
ISBN:
9783790806199
134,34 €
IVA incluido
Disponible

Selecciona una librería:

  • Librería Samer Atenea
  • Librería Aciertas (Toledo)
  • Kálamo Books
  • Librería Perelló (Valencia)
  • Librería Elías (Asturias)
  • Donde los libros
  • Librería Kolima (Madrid)
  • Librería Proteo (Málaga)

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?

Artículos relacionados

  • The Principles Governing Wealth & Finance
    MARVEN BILLS
    Many people want to improve their well-being, happiness, and opportunities by managing their wealth and finances effectively. However, this is not an easy task, as it requires knowledge, skills, and discipline. There are some basic guidelines that can help us achieve our financial goals, increase our income, save and invest wisely, and use our resources for good purposes. These...
    Disponible

    32,29 €

  • American Default
    Sebastian Edwards
    The untold story of how FDR did the unthinkable to save the American economyThe American economy is strong in large part because nobody believes that America would ever default on its debt. Yet in 1933, Franklin D. Roosevelt did just that, when in a bid to pull the country out of depression, he depreciated the US dollar in relation to gold, effectively annulling all debt contra...
    Disponible

    26,48 €

  • Globalizing Capital
    Barry Eichengreen
    Essential reading for understanding the international economy-now thoroughly updatedLucid, accessible, and provocative, and now thoroughly updated to cover recent events that have shaken the global economy, Globalizing Capital is an indispensable account of the past 150 years of international monetary and financial history-from the classical gold standard to today’s post-Bretto...
    Disponible

    43,05 €

  • Money
    John Kenneth Galbraith
    Money is nothing more than what is commonly exchanged for goods or services, so why has understanding it become so complicated? In Money, renowned economist John Kenneth Galbraith cuts through the confusions surrounding the subject to present a compelling and accessible account of a topic that affects us all. He tells the fascinating story of money, the key factors that shaped ...
    Disponible

    37,12 €

  • The Social Meaning of Money
    Viviana A. Zelizer
    A dollar is a dollar—or so most of us believe. Indeed, it is part of the ideology of our time that money is a single, impersonal instrument that impoverishes social life by reducing relations to cold, hard cash. After all, it’s just money. Or is it? Distinguished social scientist and prize-winning author Viviana Zelizer argues against this conventional wisdom. She shows how peo...
    Disponible

    33,29 €

  • Debt-Free Living
    SREEKUMAR V T / V T SREEKUMAR
    'Debt-Free Living: A Guide to Managing and Eliminating Debt' is a comprehensive resource for anyone looking to take control of their finances and achieve freedom from debt. This book provides practical advice, strategies, and tools for managing debt, creating a budget, saving money, and building wealth.Readers will learn how to assess their financial situation, set realistic go...

Otros libros del autor

  • Monetary and Fiscal Strategies in the World Economy
    Michael Carlberg
    This book studies the strategic interactions between monetary and fiscal policies in the world economy. The world economy consists of two regions, say Europe and America. The policy makers are the central banks and the governments. The policy targets are low inflation, low unemployment, and low structural deficits. There are demand shocks, supply shocks, and mixed shocks. There...
    Disponible

    133,78 €

  • Dynamic Policy Interactions in a Monetary Union
    Michael Carlberg
    This book studies the dynamics of monetary and fiscal interactions in the Euro Area. The policy makers are the European Central Bank and national governments. The primary target of the ECB is low inflation. And the primary target of a national government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main focus ...
    Disponible

    133,59 €

  • Economic Policy in a Monetary Union
    Michael Carlberg
    This book explores the scope and limits of macroeconomic policy in a monetary union. The focus is on pure policies, policy mixes, and policy coordination. The leading protagonists are the union central bank, national governments, and national trade unions. Special emphasis is put on wage shocks and wage restraint. This book develops a series of basic,...
    Disponible

    133,81 €

  • Policy Competition and Policy Cooperation in a Monetary Union
    Michael Carlberg
    European monetary unification seems to be one of the most important events in international monetary affairs since the breakdown of Bretton Woods. It pos es a major challenge to central banks, governments, and labour unions. It opens up new fields of economic research that are both intriguing and fascinating. European Monetary Union amounts to a switc...
    Disponible

    133,84 €

  • Unemployment and Inflation in Economic Crises
    Michael Carlberg
    This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in Europe. In that case, monetary and fiscal interaction would cause widespread oscillations in European unemployment and European inflation. And what is more, there would be equally far-reaching fluctuations in the European money supply and European government purc...
  • Dynamic Policy Interactions in a Monetary Union
    Michael Carlberg
    This book studies the dynamics of monetary and fiscal interactions in the Euro Area. The policy makers are the European Central Bank and national governments. The primary target of the ECB is low inflation. And the primary target of a national government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main focus ...