Year: 1980
Author: Fuhrmann, Wilfried
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 100 (1980), Iss. 1 : pp. 19–29
Abstract
This approach removes the assumption of a fully utilized capital stock and shows by incorporating the market for existing real capital into a short-run keynesian model that a positively (negatively) sloped aggregate demand (supply) function is possible. Several cases of instability of the system are demonstrated. Without a separation into a demand and an independent supply function conditions for the non-existence of a crowding-out-effect, that means of an effective fiscal policy and in ineffective monetary one are developed. The main important coefficient is - in accordance with expectations - the value of the interest elasticity of the money demand
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.100.1.19
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 100 (1980), Iss. 1 : pp. 19–29
Published online: 1980-01
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 11
Author Details
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