Titlebook: Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960–1985; Christine Sauer Book 1989 Springer-Verlag Berlin Heidel

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想象

0075-8442 utput. The NCE argued just the opposite: the unemplo~nt rate or growth rate of real output is insensitive to systematic demand management policies [Lucas; Sargent and Wallace].978-3-540-50908-0978-3-642-45662-6Series ISSN 0075-8442 Series E-ISSN 2196-9957

鉤針織物

Monetarist, Keynesian, and New Classical Theories of Output, Unemployment, and Inflation in Germany

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Introduction,nt, real output, and inflation. Much of the debate has focused on the disagreement among Monetarists and Keynesians concerning, for example, the extent of fiscal policy induced “crowding out” and the role of money in the aggregate economy. The “rational expectations revolution” gave birth to a third

枯萎將要

,The German Economy: 1960–1985,ely be attributed to the . all groups involved in the economic decision making process. Historical, political, and psychological factors — the experience of two hyperinflations and the vast destruction of World War II — explain the overriding concern with economic stability and security which is ref

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Survey and Critique of the Literature: Empirical Studies of the German Macroeconomy,ditional” as well as open economy macroeconomics. Given the abundance of material available to the researcher and, hence, the need to be selective, this review highlights the findings of previous empirical studies which deal with the German macroeconomy either exclusively or in the context of cross-

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Fixed Versus Flexible Exchange Rates in the Open Economy: Theory and Reality,d up” to include external factors which affect the domestic economy through different channels. Empirical results, revealing structural breaks in the behavior of macrovariables and their relationships, are attributed to the transition from fixed to more flexible exchange rates in the early 1970’s. Y

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Acoustic Environment Protectionnt, real output, and inflation. Much of the debate has focused on the disagreement among Monetarists and Keynesians concerning, for example, the extent of fiscal policy induced “crowding out” and the role of money in the aggregate economy. The “rational expectations revolution” gave birth to a third

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