Medium-run macrodynamics and the consensus view of stabilization policy

Schmid, Kai Daniel

Medium-run macrodynamics and the consensus view of stabilization policy

dc.contributor.author	Schmid, Kai Daniel	de
dc.date.accessioned	2024-04-08T08:44:03Z
dc.date.available	2024-04-08T08:44:03Z
dc.date.created	2010-05-18
dc.date.issued	2010
dc.description.abstract	Policy implications of the present consensus view of stabilization policy depend on specific assumptions with regard to the equilibrium level of production. Thereby, the interpretation of equilibrium output rests on a separation of supply-side and demandside adjustment to macroeconomic shocks promoting a dichotomy of short-term and long-term macrodynamics. In contrast to this, there are several channels that promote procyclical stimulus of aggregate demand and a changing factor utilization to the accumulation and efficiency of an economy?s productive capacity. Medium-run macrodynamics call for a rather endogenous explanation of production capacity and challenge the uniqueness of long-term equilibria.	en
dc.identifier.swb	323253717
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/5359
dc.identifier.urn	urn:nbn:de:bsz:100-opus-4741
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheimer Diskussionsbeiträge; 322
dc.rights.license	publ-ohne-pod	en
dc.rights.license	publ-ohne-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_ubh.php
dc.subject	Monetary policy	en
dc.subject	Medium-run macrodynamics	en
dc.subject	Long-term nonneutrality	en
dc.subject	Capacity utilization	en
dc.subject	Geldpolitik	de
dc.subject	Mittelfristige Makrodynamik	de
dc.subject	Langfristige Nichtneutralität	de
dc.subject	Hysterese	de
dc.subject.ddc	330
dc.subject.gnd	Geldpolitik	de
dc.subject.gnd	Zinspolitik	de
dc.subject.gnd	Produktionspotenzial	de
dc.subject.gnd	Hysterese	de
dc.title	Medium-run macrodynamics and the consensus view of stabilization policy	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.export.bibtex	@techreport{Schmid2010, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/5359}, author = {Schmid, Kai Daniel}, title = {Medium-run macrodynamics and the consensus view of stabilization policy}, year = {2010}, school = {Universität Hohenheim}, series = {Hohenheimer Diskussionsbeiträge}, }
local.export.bibtexAuthor	Schmid, Kai Daniel
local.export.bibtexKey	Schmid2010
local.export.bibtexType	@techreport
local.faculty.number	3	de
local.institute.number	520alt	de
local.opus.number	474
local.series.issueNumber	322
local.series.title	Hohenheimer Diskussionsbeiträge
local.university	Universität Hohenheim	de
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.institute	Institut für Volkswirtschaftslehre (bis 2010)	de

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