PL EN


2009 | 20 | 7-8 | 17-35
Article title

DEMAND-SIDE SHOCKS AND MACROECONOMIC POLICY

Authors
Selected contents from this journal
Title variants
Languages of publication
EN
Abstracts
EN
The paper focuses on short run macroeconomic dynamics triggered by dem and side shocks. In particular, the paper analyzes, in a general equilibrium framework, the impact of transitory demand side shocks on the behavior of macroeconomic variables and examines the relevance of policy instruments during downturns in economics activity. The paper establishes that transitory shocks can have persistent effects. It shows that stabilization is desirable even if shocks are transitory in nature. In particular, the article reveals that debt financed government spending is a diable stabilization tool and can improve welfare at all horizons even though it inhibits physical capital formation.
Year
Volume
20
Issue
7-8
Pages
17-35
Physical description
Document type
ARTICLE
Contributors
  • Maciej K. Dudek, Szkola Gl√≥wna Handlowa w Warszawie, Kolegium Analiz Ekonomicznych, al. Niepodleglosci 162, 02-554 Warszawa, Poland.
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
09PLAAAA06662
YADDA identifier
bwmeta1.element.3a1256bc-2c6b-386c-acf0-ee0a5ab91f29
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