AN INTEGRATION OF SHORT RUN NEO-KEYNESIAN ANALYSIS AND GROWTH THEORY.
In: De Economist (0013-063X), Jg. 125 (1977-10-01), Heft 3, S. 340-359
Online
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Zugriff:
The paper provides a synthesis of short run Neo-Keynesian theory and long run growth models. The general approach is illustrated with the analysis of the short run and long run effect of changes in government spending when government budget deficits and surpluses are bond-financed. Such pure fiscal policy actions are shown to have long run effects on real variables even in a full employment model. The stability properties of the model turn out to depend crucially on the speed of adjustment of inflationary expectations. [ABSTRACT FROM AUTHOR]
Titel: |
AN INTEGRATION OF SHORT RUN NEO-KEYNESIAN ANALYSIS AND GROWTH THEORY.
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Autor/in / Beteiligte Person: | Buiter, Willem H. |
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Zeitschrift: | De Economist (0013-063X), Jg. 125 (1977-10-01), Heft 3, S. 340-359 |
Veröffentlichung: | 1977 |
Medientyp: | academicJournal |
ISSN: | 0013-063X (print) |
DOI: | 10.1007/BF01479116 |
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