Abstract
In sections 6 until 10, we shall keep track of the process of adjustment generated by various macroeconomic shocks: The quantity of money declines spontaneously, the propensity to save rises on its own, labour supply increases autonomously, investment is being reduced, since sales expectations worsen, or money wages spring up exogenously. First of all, have a look at a monetary disturbance. Strictly speaking, the quantity of money contracts suddenly. As a reaction, how do aggregate demand, employment and capital develop over time?
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© 1992 Physica-Verlag Heidelberg
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Carlberg, M. (1992). Monetary Shock. In: Monetary and Fiscal Dynamics. Studies in Contemporary Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-47689-1_7
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DOI: https://doi.org/10.1007/978-3-642-47689-1_7
Publisher Name: Physica-Verlag HD
Print ISBN: 978-3-7908-0619-9
Online ISBN: 978-3-642-47689-1
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