1992 | OriginalPaper | Buchkapitel
Introduction
verfasst von : Professor Dr. Michael Carlberg
Erschienen in: Monetary and Fiscal Dynamics
Verlag: Physica-Verlag HD
Enthalten in: Professional Book Archive
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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.