Real wage rigidity and anticipated fiscal policy
Article Abstract:
Real wage rigidity indicates that the anticipation of a future fiscal expansion leads to an increase in employment and output beyond the original equilibrium and the new steady state. Using a small, open economy model with explicit treatment of the supply side, the announcement of the fiscal policy results in the increase in economic activities in the steady-state levels of output and employment.
Publication Name: Journal of Economic Studies
Subject: Economics
ISSN: 0144-3585
Year: 1996
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The relation of government to monetary control[1]: March 29, 1935
Article Abstract:
The opinions of Lauchlin Currie, on the tenures of Government officials at Federal Reserve Board, are examined.
Publication Name: Journal of Economic Studies
Subject: Economics
ISSN: 0144-3585
Year: 2004
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Stabilization of purchasing power through the use of public credit[1]: American Economic Association Meeting at Chicago Distribution of Purchasing Power and Business Fluctuations Round Table, Wednesday, December 30, 1936
Article Abstract:
The opinions of Lauchlin Currie, on the impact of public credit on purchasing power during 1936 are examined.
Publication Name: Journal of Economic Studies
Subject: Economics
ISSN: 0144-3585
Year: 2004
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