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OverviewThis analysis of macroeconomic policy, originally published in 1989, argues that key government objectives, such as reduced inflation, decreased unemployment and an adequate level of national saving can be achieved only by employing both monetary and fiscal policies, in conjunction with supply-side policies expressly designed to improve the workings of the labour market. Part 1 is a comparative analysis showing the effects of monetary and fiscal policy on the economy. Real-wage rigidity in the labour market is shown to have important consequences for the working of both types of policy, because it conditions the economy’s response to tax changes. Part 2 presents an econometric model which combines consistent stock-flow accounts with a full range of expectational effects. Part 3 presents an innovative technique for solving rational expectations models with the need for arbitary terminal conditions. Full Product DetailsAuthor: Martin Weale , Andrew Blake , Nicos Christodoulakis , James MeadePublisher: Taylor & Francis Ltd Imprint: Routledge Volume: 8 Weight: 0.453kg ISBN: 9781138940024ISBN 10: 113894002 Pages: 402 Publication Date: 01 August 2017 Audience: General/trade , College/higher education , Professional and scholarly , General , Tertiary & Higher Education Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationMartin Weale, Andrew Blake, Nicos Christodoulakis, James Meade, David Vines Tab Content 6Author Website:Countries AvailableAll regions |
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