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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