Cyclical Budget Balance versus Fatal Crowding Out
Year: 2022
Author: Michael Carlberg
Series: Volkswirtschaftliche Schriften, Vol. 401
Copyright Year: 1990
Book Details
ISBN: 978-3-428-46942-0
DOI: https://doi.org/10.3790/978-3-428-46942-0
Published online: 2022-03
Edition: 1
Language: English
Pages: 166
Keywords: Finanzpolitik (Öffentl. Hand) Öffentliche Schulden Öffentlicher Haushalt Finanzpolitik (Öffentl. Hand) Öffentliche Schulden Öffentlicher Haushalt Finanzpolitik (Öffentl. Hand) Öffentliche Schulden Öffentlicher Haushalt Finanzpolitik (Öffentl. Hand) Öffentliche Schulden Öffentlicher Haushalt Finanzpolitik (Öffentl. Hand) Öffentliche Schulden Öffentlicher Haushalt Finanzpolitik (Öffentl. Hand) Öffentliche Schulden Öffentlicher Haushalt Finanzpolitik (Öffentl. Hand) Öffentliche Schulden Öffentlicher Haushalt Finanzpolitik (Öffentl. Hand) Öffentliche Schulden Öffentlicher Haushalt
Author Details
Subjects: Public finance & taxation ,
Pricing
Institution: €49.90 (incl. local VAT if applicable)
Individual: €49.90 (incl. local VAT if applicable)
| 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 |