Long Run Effects Of Short Run Stabilization Policy
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Long Run Effects Of Short Run Stabilization Policy
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Author : Lars Calmfors
language : en
Publisher: Springer
Release Date : 1983-06-18
Long Run Effects Of Short Run Stabilization Policy written by Lars Calmfors and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983-06-18 with Business & Economics categories.
Long Run Effects Of Short Run Stabilization Policy
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Author :
language : en
Publisher:
Release Date : 1982
Long Run Effects Of Short Run Stabilization Policy written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with categories.
Long Run Effects Of Short Run Stabilization Policy
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Author : Lars Calmfors
language : en
Publisher:
Release Date : 1982
Long Run Effects Of Short Run Stabilization Policy written by Lars Calmfors and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with categories.
Are Long Run Price Stability And Short Run Output Stabilization All That Monetary Policy Can Aim For
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Author :
language : en
Publisher:
Release Date : 2005
Are Long Run Price Stability And Short Run Output Stabilization All That Monetary Policy Can Aim For written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
A central tenet of the so-called new consensus view in macroeconomics is that there is no long-run trade-off between inflation and unemployment. The main policy implication of this principle is that all monetary policy can aim for is (modest) short-run output stabilization and long-run price stability-i.e., monetary policy is neutral with respect to output and employment in the long run. However, research on the different sources of path dependency in the economy suggests that persistent but nevertheless transitory changes in aggregate demand may have a permanent effect on output and employment. If this is the case, then, the way monetary policy is run does have long-run effects on real variables. This paper provides an overview of this research and explores how monetary policy should be implemented once these long-run effects are acknowledged. -- monetary policy ; new consensus ; path dependency ; opportunistic approach
Long Run Effects Of Short Run Stabilization Policy
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Author : Stockholms universitet. Institutet för internationell ekonomi
language : en
Publisher:
Release Date :
Long Run Effects Of Short Run Stabilization Policy written by Stockholms universitet. Institutet för internationell ekonomi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Long Run Effects Of Short Run Stabilization Policy Proceedings Of A Conference On Long Run Effects Of Short Run Stabilization Policy Held At Saltjoebaden Stockholm 31 August 2 September 1981
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Author :
language : en
Publisher:
Release Date : 1983
Long Run Effects Of Short Run Stabilization Policy Proceedings Of A Conference On Long Run Effects Of Short Run Stabilization Policy Held At Saltjoebaden Stockholm 31 August 2 September 1981 written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with categories.
Macroeconomic Theory And Stabilisation Policy
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Author : Andrew A. Stevenson
language : en
Publisher: Rl Innactive Titles
Release Date : 1988
Macroeconomic Theory And Stabilisation Policy written by Andrew A. Stevenson and has been published by Rl Innactive Titles this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Economic policy categories.
The role and conduct of macroeconomic policy is examined in the light of recent developments in theory. The first Chapter of the book is concerned with the debate about the nature and causes of unemployment and inflation. The second section investigates the theory of monetary and fiscal policy in closed and open economics. The final chapter contains a full analysis of macroeconomic interdependence and policy coordination. For advanced undergraduate and postgraduate students of macroeconomic theory and policy. Contents: Introduction: The Theory of Aggregate Demand; Classical Versus Keynesian Economics: The Debate on Underemployment Equilibrium; Aggregate Supply: Monetarism and New Classical Macroeconomics; Aggregate Supply and Stabilization Policies: The Keynesian Perspective; Money, Financial Markets, and Aggregate Demand; Fiscal Policy and Aggregate Demand; Macroeconomic Policy and the Balance of Payments; Macroeconomic Policy and the Exchange Rate; The Design of Macroeconomic Policy; International Interdependence and Policy Coordination; Bibliography; Author Index; Subject Index.
Long Run Growth And Short Run Stabilization
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Author : The late Lawrence R. Klein
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-02-24
Long Run Growth And Short Run Stabilization written by The late Lawrence R. Klein and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-02-24 with Business & Economics categories.
There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the contributors elaborate on the main issues of economic analysis and policies that concerned him.
Monetary Policy And Macroeconomic Stabilization
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Author : Ole Roste
language : en
Publisher: Routledge
Release Date : 2017-09-08
Monetary Policy And Macroeconomic Stabilization written by Ole Roste and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-08 with Business & Economics categories.
As a fundamental review and critique of activist economic policies, this book is a unique contribution to classical political economy. "Monetary Policy and Macroeconomic Stabilization" is about macroeconomic stabilization policy, with emphasis on the value of a distinct national monetary policy to growth. Ole Bjorn Roste's argument is for public officials to restrain themselves in the pursuit of policy. As the author notes: when you know less, you should do less.The history of modern macroeconomics started in 1936 with the publication of Keynes' "General Theory of Employment, Interest, and Money". The problems of the Great depression of the 1930s paved the way for a change of focus, from the long run to economic fluctuations in the short run, and from nominal to real variables, such as unemployment and aggregate output.Keynes offered clear policy implications in tune with the times. Because economic adjustment was slow, waiting for the economy to recover by itself was irresponsible. Particularly fiscal policy was essential to return to high employment. Monetary policy could affect aggregate demand through Interest rates, but was less important. Roste discusses the role of monetary policy, starting out with the implications of the theory of optimum currency areas (OCAs). This is followed by estimates of the output loss associated with disinflation policy (the sacrifice ratio) for six OECD economies. Further, Roste models the dynamic adjustment to negative, local labor-market shocks, with particular relevance to Scandinavia, in a final section.The idea that governments should pursue stabilizing fiscal or monetary policies with regard to real variables is often taken for granted by the public, if not by economists. Among the reasons for skepticism, is the presence of differing views on how economies really work, that the state of a given economy becomes known only after a time lag, and that economic agents react to policy and expectations of policy. For these reasons, the effects of policy are generally uncertain. This book explains why the role of history is critical to the study of macroeconomics.p>
The Effectiveness Of Fiscal Policy In Stimulating Economic Activity
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Author : Richard Hemming
language : en
Publisher: International Monetary Fund
Release Date : 2002-12
The Effectiveness Of Fiscal Policy In Stimulating Economic Activity written by Richard Hemming and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-12 with Business & Economics categories.
This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.