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Business cycle dynamics and stabilization policies: a Keynesian approach
Kategorie Beschreibung
036aXB-SG
037beng
077a489516998 Erscheint auch als (Druck-Ausgabe): ‡Hori, Hajime, 1939 - : Business cycle dynamics and stabilization policies
087q978-981-10-3080-2
100 Hori, Hajime ¬[VerfasserIn]¬
331 Business cycle dynamics and stabilization policies
335 a Keynesian approach
410 Singapore
412 Springer
425 [2017]
425a2017
433 1 Online-Ressource (xiii, 142 Seiten)
451 Advances in Japanese Business and Economics ; 15
527 Erscheint auch als (Druck-Ausgabe): ‡Hori, Hajime, 1939 - : Business cycle dynamics and stabilization policies
540aISBN 978-981-10-3081-9
700 |KCB
700 |KCBM
700 |BUS039000
700 |BUS045000
700 |*91-02
700 |91B55
700 |91B64
700b|339
700c|HB172.5
700g1271507218 QC 330
750 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
753 1 An Aggregative Model of Unemployment, Cycles, and Growth -- 2 A Hicksian Two-Sector Model of Unemployment, Cycles, and Growth -- 3 Stabilization Policies and Business Cycle Dynamics -- References -- Index
902s 091371708 Konjunkturtheorie
902s 091369207 IS-LM-Modell
902s 091370566 Keynesianismus
902s 091371678 Stabilisierungspolitik
902s 091394902 Theorie
012 489626793
081 Hori, Hajime: Business Cycle Dynamics and Stabilization Policies
100 Springer E-Book
125aElektronischer Volltext - Campuslizenz
655e$uhttp://dx.doi.org/10.1007/978-981-10-3081-9
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