Business Cycle Dynamics and Stabilization Policies: A Keynesian Approach
In: Advances in Japanese Business and Economics v.15
Preface -- Contents -- About the Author -- List of Figures -- 1 An Aggregative Model of Unemployment, Cycles, and Growth -- 1.1 Introduction -- 1.2 Static Structure of the Model -- 1.2.1 Goods Market -- 1.2.2 Labor Market -- 1.2.3 Asset Markets -- 1.2.4 Quasi Short-Run Equilibrium -- 1.3 Dynamic Equations -- 1.3.1 Some Dynamic Assumptions -- 1.3.2 Change of Variables -- 1.3.3 Dynamic Equations -- 1.4 Long-Run Equilibrium -- 1.4.1 Existence and Uniqueness -- 1.4.2 Saddle-Point Stability -- 1.5 Movements on the Stable Manifold -- 1.6 Cyclical Movements -- 1.7 Conclusions -- Appendix -- A.1 Some Mathematical Expressions -- A.1.1 Comparative Statics -- A.1.2 Coefficients of the Linear Dynamic System -- A.1.3 Coefficients of the Characteristic Polynomial -- A.2 Proof of Theorem 2 -- A.3 ∂e/∂k and ∂e/∂w -- A.4 Proof of Theorem 3 -- 2 A Hicksian Two-Sector Model of Cycles and Growth -- 2.1 Introduction -- 2.2 Static Structure of the Model -- 2.3 Quasi Short-Run Equilibrium -- 2.4 Dynamic Equations, Dynamic Inclusions, Long-Run Equilibrium, and Saddle-Point Stability -- 2.5 Investment Allocation and the Sectoral Balance -- 2.6 Saddle-Point Stability of System II -- 2.7 Cycles -- 2.8 Conclusions -- Appendix -- A.1 Proof of Lemma 11 -- A.2 Some Mathematical Expressions Relating to the Balanced Stage -- A.2.1 Comparative Statics -- A.2.2 Coefficients of the Linear System -- A.2.3 Coefficients of the Characteristic Polynomial -- A.3 Proof of Theorem 12 -- A.4 Proof of Lemma 13 -- A.5 Proof of Theorem 14 -- A.6 Proof of (2.47) -- 3 Stabilization Policies and Business Cycle Dynamics -- 3.1 Introduction -- 3.2 The Base Model -- 3.2.1 The Static Structure -- 3.2.2 Dynamics -- 3.3 Balanced-Budget Fiscal Stabilization Policy -- 3.3.1 Static Structure -- 3.3.2 Dynamics -- 3.4 Partially Debt-Financed Fiscal Stabilization Policy -- 3.4.1 Static Structure