書目名稱 | Open Economy Dynamics | 編輯 | Michael Carlberg | 視頻video | http://file.papertrans.cn/702/701776/701776.mp4 | 叢書名稱 | Contributions to Economics | 圖書封面 |  | 描述 | The focus is on the inter action between demand and supply in a small open economy featuring the dynamics of private capital, public debt and foreign assets. The overlapping generations model serves as a microfoundation. It proves useful to consider different scenarios. Exchange rates are either flexible or fixed. Money wages can be flexible, fixed or slow. Monetary and fiscal policy may be exogenous or endo- genous. Either budget deficits are allowed, or continuous budget balance is postula- ted. Wh at are the implications of various shocks? How does the chain of cause and effect look like? I had many helpful talks with my colleagues at Hamburg: Michael Schmid (now at Bamberg), Wolf Sch?fer and Johannes Hackmann. In addition, Daphni-Marina Papadopoulou and Christine Sch?fer-Lochte carefully discussed with me all parts of the manuscript. Last but not least, Doris Ehrich typed the manuscript as excellently as ever. I would like to thank all of them. CONTENTS INTRODUCTION 3 PART 1. FLEXIBLE EXCHANGE RATES 11 CHAPTER 1. BASIC MODEL 11 1. Flexible Money Wages 13 13 1. 1. Overlapping Generations 1. 2. Short-Run Equilibrium and Long-Run Equilibrium 23 1. 3. Stability 27 1. 4. Shoeks 30 2 | 出版日期 | Book 1993 | 關(guān)鍵詞 | Economy Dynamics; Fiscal Policy; Fiskalpolitik; Geldpolitik; Macroeconomics; Makro?konomie; Public Sector; | 版次 | 1 | doi | https://doi.org/10.1007/978-3-642-49995-1 | isbn_softcover | 978-3-7908-0708-0 | isbn_ebook | 978-3-642-49995-1Series ISSN 1431-1933 Series E-ISSN 2197-7178 | issn_series | 1431-1933 | copyright | Springer-Verlag Berlin Heidelberg 1993 |
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