Read e-book online Stabilization Policy in France and the Federal Republic of PDF

By G. De Menil,G. de Ménil,U. Westphal

ISBN-10: 0444875298

ISBN-13: 9780444875297

the thing of this e-book is to check the macroeconomic features of the French and German economies. It focusses at the impact of stabilization coverage and of foreign disturbances and attempts to determine the trade-offs of financial coverage. The learn relies on a simulation research utilizing large-scale econometric types of the 2 nations. rather than utilizing types as black containers the dynamic buildings are in comparison in enormous element. This includes decomposing the types into blocs of strategic units of equations. evaluating bloc through bloc permits one to tell apart among the contribution of varied financial tactics (price-wage dynamics, financial mechanism, multiplier-accelerator interplay) to macroeconomic performance.

Main features: Franco-German comparability of macroeconomic reaction to coverage measures and overseas shocks; evaluate of coverage trade-offs; particular institutional and ancient history to macro-policy in France and Germany.

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Stabilization Policy in France and the Federal Republic of Germany (Contributions to Economic Analysis) by G. De Menil,G. de Ménil,U. Westphal


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