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Technical Progress and Economic Growth

Name: Technical Progress and Economic Growth
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 02172618
Price: 51.66 EUR
Availability: InStock
Author: Franco Nardini
ISBN: 9783540415961

Business Cycles and Stabilization Policies

Franco Nardini

Língua

Inglês

Livro Capa mole

Código Libristo: 02172618

Editoras Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, fevereiro 2001

The book revisits the subject matter of macroeconomic theory in a two-sector disequilibrium model in... Descrição completa

Código Libristo: 02172618

125 b

51.66 €

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The book revisits the subject matter of macroeconomic theory in a two-sector disequilibrium model inspired by the structural theories of the business cycle developed by Tugan-Baranowski, Aftalion, Fanno, and Lowe. The functioning of each market is modeled following Hicks: the features of each market depend on the characteristics of the goods traded. In this framework, endogenous irregular business cycles arise. The issues of the impact of technical progress and the effectiveness of a stabilizing fiscal policy are thoroughly discussed. The book concludes with a discussion of all of these problems in a case of open economy.