|
Demand management with rationing |
Moore, Michael J.
|
|
|
|
This paper examines the impact of monetary and fiscal policies in both the Barro-Grossman model and a neo-Keynesian model which incorporates a bond market. It is shown that there is a unique demand management policy for every temporary equilibrium state which obviates the need to resort to 'supply-side' or wage-price policies. It emerges that these policies can containg counter intuitive elelments. The original photocopying quality of this item renders some text unreadable. A hard copy is available in UCD Library at GEN 330.08 IR/UNI
|
|
Keyword(s):
|
Equilibrium (Economics); Demand (Economic theory); Monetary policy; Fiscal policy |
Publication Date:
|
2009 |
|
Type:
|
Working paper |
|
Peer-Reviewed:
|
Unknown |
|
Language(s):
|
English |
|
Institution:
|
University College Dublin |
|
Publisher(s):
|
University College Dublin. School of Economics |
|
File Format(s):
|
other; application/pdf |
|
First Indexed:
2012-08-25 05:22:31 Last Updated:
2018-10-11 15:44:12 |
