Abstract
A macroeconomic shock induces an extended process of adjustment. Accordingly the present monograph focuses on the following questions: How does the process of adjustment look? What problems are involved in it? How can these problems be solved? The analysis will be carried out within the framework of an IS-LM model characterized by capital and wage dynamics.
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© 1992 Physica-Verlag Heidelberg
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Carlberg, M. (1992). Introduction. In: Monetary and Fiscal Dynamics. Studies in Contemporary Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-47689-1_1
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DOI: https://doi.org/10.1007/978-3-642-47689-1_1
Publisher Name: Physica-Verlag HD
Print ISBN: 978-3-7908-0619-9
Online ISBN: 978-3-642-47689-1
eBook Packages: Springer Book Archive