Business Cycle Dynamics and Stabilization Policies

This book PDF is perfect for those who love Business & Economics genre, written by Hajime Hori and published by Springer which was released on 09 May 2017 with total hardcover pages 142. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related Business Cycle Dynamics and Stabilization Policies books below.

Business Cycle Dynamics and Stabilization Policies
Business Cycle Dynamics and Stabilization Policies
Author : Hajime Hori
File Size : 50,8 Mb
Publisher : Springer
Language : English
Release Date : 09 May 2017
ISBN : 9789811030819
Pages : 142 pages
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Business Cycle Dynamics and Stabilization Policies by Hajime Hori 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.

Business Cycle Dynamics and Stabilization Policies

Business Cycle Dynamics and Stabilization Policies by Hajime Hori

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.

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Get Book