Business Cycle Dynamics and Stabilization Policies is popular PDF and ePub book, written by Hajime Hori in 2017-05-09, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Business Cycle Dynamics and Stabilization Policies can be Read Online from any device for your convenience.
Business Cycle Dynamics and Stabilization Policies Book PDF Summary
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.
Detail Book of Business Cycle Dynamics and Stabilization Policies PDF
- Author : Hajime Hori
- Release : 09 May 2017
- Publisher : Springer
- ISBN : 9789811030819
- Genre : Business & Economics
- Total Page : 142 pages
- Language : English
- PDF File Size : 13,9 Mb
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