Fiscal Policy
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Carlberg, M. (1990). Fiscal Policy. Cyclical Budget Balance versus Fatal Crowding Out. Duncker & Humblot. https://doi.org/10.3790/978-3-428-46942-0
Carlberg, Michael. Fiscal Policy: Cyclical Budget Balance versus Fatal Crowding Out. Duncker & Humblot, 1990. Book. https://doi.org/10.3790/978-3-428-46942-0
Carlberg, M (1990): Fiscal Policy: Cyclical Budget Balance versus Fatal Crowding Out, Duncker & Humblot, [online] https://doi.org/10.3790/978-3-428-46942-0
Format
Fiscal Policy
Cyclical Budget Balance versus Fatal Crowding Out
Volkswirtschaftliche Schriften, Vol. 401
(1990)
Additional Information
Book Details
Pricing
Table of Contents
| Section Title | Page | Action | Price |
|---|---|---|---|
| Preface | 5 | ||
| Contents | 7 | ||
| 1. Introduction | 9 | ||
| 2. Short-Run Equilibrium | 16 | ||
| 3. Long-Run Equilibrium | 20 | ||
| 3.1. Long-Run Equilibrium | 20 | ||
| 3.2. Process of Adjustment | 25 | ||
| 3.3. Simulation | 30 | ||
| 3.4. Public Consumption in Utility Function | 41 | ||
| 4. Process of Adjustment | 43 | ||
| 4.1. Short-Run Equilibrium | 43 | ||
| 4.2. Medium-Run Equilibrium | 48 | ||
| 4.3. Long-Run Equilibrium | 48 | ||
| 4.4. Process of Adjustment | 49 | ||
| 4.5. AD-AS Diagram | 54 | ||
| 5. Investment Shock and Cyclical Adjustment | 58 | ||
| 5.1. Economy Without Public Sector | 58 | ||
| 5.1.1. Overlapping Generations Model | 59 | ||
| 5.1.2. Multiplier-Accelerator Model | 60 | ||
| 5.1.3. Simulation | 62 | ||
| 5.2. Economy With Public Sector | 66 | ||
| 5.2.1. Overlapping Generations Model | 67 | ||
| 5.2.2. Multiplier-Accelerator Model | 67 | ||
| 5.2.3. Simulation | 69 | ||
| 5.3. Economy With Fiscal Policy | 74 | ||
| 5.3.1. Overlapping Generations Model | 74 | ||
| 5.3.2. Multiplier-Accelerator Model | 75 | ||
| 5.3.3. Simulation | 77 | ||
| 5.4. Alternative Paths | 81 | ||
| 5.4.1. Stability | 82 | ||
| 5.4.2. Damped Oscillations | 82 | ||
| 5.4.3. Explosive Oscillations | 86 | ||
| 6. Investment Shock, Public Interest and Cyclical Adjustment | 92 | ||
| 6.1. Economy With Public Sector | 92 | ||
| 6.1.1. Overlapping Generations Model | 92 | ||
| 6.1.2. Multiplier-Accelerator Model | 93 | ||
| 6.1.3. Simulation | 96 | ||
| 6.2. Economy With Fiscal Policy | 98 | ||
| 6.2.1. Overlapping Generations Model | 100 | ||
| 6.2.2. Multiplier-Accelerator Model | 100 | ||
| 6.2.3. Simulation | 103 | ||
| 6.2.4. Restoring Stability | 104 | ||
| 6.3. Stability | 109 | ||
| 7. Extensions | 117 | ||
| 7.1. The Concept of Full Employment | 117 | ||
| 7.2. Investment Shock | 120 | ||
| 7.2.1. Money Finance of Budget Deficit | 120 | ||
| 7.2.2. Investment Subsidy | 122 | ||
| 7.2.3. Monetary Policy | 124 | ||
| 7.3. Monetary Shock | 125 | ||
| 7.3.1. Process of Adjustment | 126 | ||
| 7.3.2. Fiscal Policy | 128 | ||
| 7.3.3. Monetary Policy | 129 | ||
| 7.4. Growing Economy | 130 | ||
| 7.4.1. Fiscal Policy | 130 | ||
| 7.4.2. Optimum Fiscal Policy | 137 | ||
| 8. Conclusion | 142 | ||
| 9. Result | 148 | ||
| List of Symbols | 150 | ||
| References | 152 | ||
| Index | 164 |