The dynamic effects of monetary and fiscal policies : a theoretical simulation approach
This thesis is concerned with the familjar question regarding the relative efficacy of monetary and fiscal policies. In the light of recent theoretical developments, our analysis is focused upon several mac ro-dynamic models whose general structure is fairly representative of contemporary stock-adjustment models. In analyzing such dynamic models, the usual approach is to rely on standard analytical techniques to derive comparativestatic effects and stability conditions. It is suggested...[Show more]
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