haku: @indexterm Macroeconomic models / yhteensä: 204
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| Tekijä: | Alexander, V. |
| Otsikko: | Fiscal policy and potential output in a model with rational expectations |
| Lehti: | Weltwirtschaftliches Archiv
1990 : VOL. 126:3, p. 432-455 |
| Asiasana: | FISCAL POLICY MACROECONOMIC MODELS |
| Kieli: | eng |
| Tiivistelmä: | This is a rational expectations model of output and inflation, with labour and imported energy being substitutes. Both output capacity and output fluctuations are explained by monetary, fiscal and extern impulses. The model demonstrates how expected fiscal and extern impulses influence through different channels of the supply side the output potential. Empirical results on Germany are gained. |
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