{"product_id":"9783790806199","title":"Monetary and Fiscal Dynamics","description":"\u003ch1\u003eMonetary and Fiscal Dynamics\u003c\/h1\u003e \u003ch2\u003eCarlberg, Michael\u003c\/h2\u003e \u003cp\u003eThe analysis will be conducted within an IS-LM model augmen-\nted by the     dynamics of money wages, private capital and\npublic debt. A macroeconomic   shock induces an extended\nprocess of adjustment that is characterized by    unemployment.\nThis in turn requires a dynamic path of monetary and          fiscal\npolicy: As a response to the shock, the central bank\ncontinuouslyadapts the quantity of money so as to keep up\nfull employment all the time. And the government\ncontinuously accommodates its purchases of goods         and\nservices. Can this be sustained? Or will public debt tend               to\nexplode, thereby driving the stock of capial down to zero?\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Physica\u003c\/p\u003e \u003cp\u003ePublication Date: 1992-06-17\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9783790806199\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-642-47689-1\u003c\/p\u003e \u003cp\u003eDimensions: 244cm x170cm\u003c\/p\u003e \u003cp\u003ePages: 194\u003c\/p\u003e ","brand":"Physica","offers":[{"title":"Default Title","offer_id":44398653997196,"sku":"9783790806199","price":99.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783790806199.jpg?v=1755440058","url":"https:\/\/lateknightbooks.com\/products\/9783790806199","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}