Essays in Macroeconomics of an Open Economy (Lecture Notes in Economics and Mathematical Systems): 362 - Softcover

Gehrels, Franz

 
9783540540748: Essays in Macroeconomics of an Open Economy (Lecture Notes in Economics and Mathematical Systems): 362
Softcover
ISBN 10: 3540540741 ISBN 13: 9783540540748
Verlag: Springer, 1991

Inhaltsangabe

The large aggregates in the economy - consumption, investment, production of the domestic and the international sectors, international capital flows, financial accumulation and indebtedness - are analysed in this book as problems in time-optimisation for enterprises and households. The effects of fiscal and monetary policies along with exchange-rate variation are examined, and their simultaneous use for stabilizing demand are found to be necessary. All household decisions on consumptions, savings, and financial disposition are conditioned by uncertainty, and similarly for firms, who make more complex simultaneous decisions on production, real investment, financing, and market strategy. The marginal efficiency-of-investment function derived from these decisions is fundamentally different from the marginal productivity of capital in the neoclassical sense. An economy which grows through the accumulation of capital, increase in labor supply, and technological progress is the framework in which all of these variables move. This codetermines the allocation of factors between domestic and international production, and the development of foreign trade. The growth both of the public debt and of international investment are treated in depth.

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Reseña del editor

The large aggregates in the economy - consumption, investment, production of the domestic and the international sectors, international capital flows, financial accumulation and indebtedness - are analysed in this book as problems in time-optimisation for enterprises and households. The effects of fiscal and monetary policies along with exchange-rate variation are examined, and their simultaneous use for stabilizing demand are found to be necessary. All household decisions on consumptions, savings, and financial disposition are conditioned by uncertainty, and similarly for firms, who make more complex simultaneous decisions on production, real investment, financing, and market strategy. The marginal efficiency-of-investment function derived from these decisions is fundamentally different from the marginal productivity of capital in the neoclassical sense. An economy which grows through the accumulation of capital, increase in labor supply, and technological progress is the framework in which all of these variables move. This codetermines the allocation of factors between domestic and international production, and the development of foreign trade. The growth both of the public debt and of international investment are treated in depth.

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Verlag
Springer
Erscheinungsdatum
1991
Sprache
Englisch
ISBN 10 
3540540741
ISBN 13 
9783540540748
Einband
Tapa blanda
Anzahl der Seiten
200
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
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https://www.also.com/ec/cms5/en_6000/6000/index.jsp

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Hamburg
Deutschland

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9780387540740: Essays in Macroeconomics of an Open Economy (Lecture Notes in Economics & Mathematical Systems)

Vorgestellte Ausgabe

ISBN 10:  0387540741 ISBN 13:  9780387540740
Softcover