Dynamic Keynesian models of monetary and fiscal stabilization policies
Načítavam...
Na stiahnutie
Dátum
2025
Názov časopisu
ISSN časopisu
Názov zväzku
Vydavateľ
Keynes Society Japan : Tokio
ISBN
ISSN
2435-6581
Abstrakt
In this paper, we summarize a series of dynamic Keynesian models of monetary and fiscal stabilization policies that were presented in our previous works. All models are formulated by systems of nonlinear differential equations. We take up three models sequentially. The first model is the simplest two-dimensional model of monetary stabilization policy without debt effects. The second model is more complicated four-dimensional model of monetary stabilization policy with private debt effect. The third model is the most general six-dimensional model of monetary and fiscal stabilization policy mix with twin (private and public) debt effects. These models produce various types of dynamic behaviors (stable, unstable, and cyclical behaviors) according to the crucial parameter values.
Popis
In: The Review of Keynesian Studies. Tokio : Keynes Society Japan, 2025. ISSN 2435-6581. Vol. 7 (2025), pp. 1-13.
Kľúčové slová
dynamický keynesovský model, dynamic Keynesian model, stabilizačná politika, stabilization policy, monetárna politika, menová politika, monetary policy, fiškálna politika, fiscal policy, nelineárna dynamika, Hopfova bifurkácia
Výstup z projektu
VEGA 1/0859/16 Dynamika nelineárnych ekonomických procesov
Citácia
Práva a licenčné podmienky
© vydavateľ
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess