Business Cycle Dynamics and Stabilization Policies A Keynesian Approach /

This monograph is devoted to the analysis of the dynamics of business cycles and stabilization policies. The analysis is conducted in models of the AS-AD type, focusing on involuntary unemployment and capital accumulation. Major conclusions are the following. (1) Sectoral imbalances, once emphasized...

Full description

Bibliographic Details
Main Author: Hori, Hajime (Author)
Corporate Author: SpringerLink (Online service)
Format: Electronic eBook
Language:English
Published: Singapore : Springer Singapore : Imprint: Springer, 2017.
Series:Advances in Japanese Business and Economics, 15
Subjects:
Online Access:Full Text via HEAL-Link
LEADER 02850nam a22004935i 4500
001 978-981-10-3081-9
003 DE-He213
005 20170509160848.0
007 cr nn 008mamaa
008 170509s2017 si | s |||| 0|eng d
020 |a 9789811030819  |9 978-981-10-3081-9 
024 7 |a 10.1007/978-981-10-3081-9  |2 doi 
040 |d GrThAP 
050 4 |a HB172.5 
072 7 |a KCB  |2 bicssc 
072 7 |a KCBM  |2 bicssc 
072 7 |a BUS039000  |2 bisacsh 
072 7 |a BUS045000  |2 bisacsh 
082 0 4 |a 339  |2 23 
100 1 |a Hori, Hajime.  |e author. 
245 1 0 |a Business Cycle Dynamics and Stabilization Policies  |h [electronic resource] :  |b A Keynesian Approach /  |c by Hajime Hori. 
264 1 |a Singapore :  |b Springer Singapore :  |b Imprint: Springer,  |c 2017. 
300 |a XIII, 142 p.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
347 |a text file  |b PDF  |2 rda 
490 1 |a Advances in Japanese Business and Economics,  |x 2197-8859 ;  |v 15 
505 0 |a 1 An Aggregative Model of Unemployment, Cycles, and Growth -- 2 A Hicksian Two-Sector Model of Unemployment, Cycles, and Growth -- 3 Stabilization Policies and Business Cycle Dynamics -- References -- Index. 
520 |a This monograph is devoted to the analysis of the dynamics of business cycles and stabilization policies. The analysis is conducted in models of the AS-AD type, focusing on involuntary unemployment and capital accumulation. Major conclusions are the following. (1) Sectoral imbalances, once emphasized by such business-cycle theorists as K. Marx, A. Spiethoff, and F.A. Hayek, are rectified in finite time by competitive investment allocation, leaving aggregate variables as the main variables of business cycle dynamics. (2) The chronology of events during a cycle is established, which resolves the so-called real wage puzzle. (3) Owing to the crowding-out effect on investment, fiscal stabilization policies can destabilize the business cycle dynamics if implemented too intensively. (4) If coordinated properly, monetary stabilization policies can remove the destabilizing tendency of fiscal stabilization policies. 
650 0 |a Economic theory. 
650 0 |a Macroeconomics. 
650 0 |a Economic policy. 
650 1 4 |a Economics. 
650 2 4 |a Macroeconomics/Monetary Economics//Financial Economics. 
650 2 4 |a Economic Theory/Quantitative Economics/Mathematical Methods. 
650 2 4 |a Economic Policy. 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9789811030802 
830 0 |a Advances in Japanese Business and Economics,  |x 2197-8859 ;  |v 15 
856 4 0 |u http://dx.doi.org/10.1007/978-981-10-3081-9  |z Full Text via HEAL-Link 
912 |a ZDB-2-ECF 
950 |a Economics and Finance (Springer-41170)