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Stabilization policy in France and the Federal Republic of Germany /
The object of this book is to compare the macroeconomic characteristics of the French and German economies. It focusses on the effect of stabilization policy and of international disturbances and tries to find out the trade-offs of economic policy. The study is based on a simulation analysis using l...
| Clasificación: | Libro Electrónico |
|---|---|
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Amsterdam ; New York : New York :
North Holland ; Sole distributors for the U.S.A. and Canada, Elsevier Science Pub. Co.,
1985.
|
| Colección: | Contributions to economic analysis ;
153. |
| Temas: | |
| Acceso en línea: | Texto completo Texto completo |
Tabla de Contenidos:
- Front Cover; Stabilization Policy in France and the Federal Republic of Germany; Copyright Page; Introduction to the series; Preface; Table of Contents; Aims and methods of an international macroeconomic comparison; 1. Introduction; 2. Method of analysis; 3. Framework of analysis; 4. Organization of the book; References; PART I; Introduction; Chapter 1. Transfer policies, income, and employment in France; 1. Introduction; 2. Income, expenditure, and saving of households; 3. From expenditure to domestic production; 4. The distribution of national income; 5. The multiplier process recombined
- 6. ConclusionReferences; Chapter 2. Transfer policies, income, and employment in Germany; 1. Introduction; 2. Consumer behavior; 3. Domestic production, inventories, and indirect taxation; 4. Income distribution and redistribution; 5. The multiplier process recombined; References; Comparative summary; PART II; Chapter 3. Tax incentives, monetary policy, and investment in France and Germany; 1. Introduction; 2. Historical patterns; 3. Investment theory in METRIC and SYSIFO; 4. Business investment models for France and Germany; 5. Model properties; 6. Costs of capital and their components
- 7. SummaryReferences; PART III; Introduction; Chapter 4. Exchange rates, prices, wages, and the current account in France; 1. Introduction; 2. Pricing beliavior; 3. Wage rates; 4. Devaluation and its repercussions; 5. Conclusion; Reference; Chapter 5. Exchange rates, prices, wages, and the current account in Germany; I. Introduction; 2. Historical overview of the dynamics of prices, wages, and exchange rates; 3. Wage-price mechanism and foreign trade determination; 4. Simulation results; 5. Summary; References; Comparative summary; PART IV; Introduction
- Chapter 6. Monetary mechanisms and exchange rates in France1. Introduction; 2. A description of the French monetary system; 3. Policy simulations with fixed exchange rates; 4. Flexible exchange rates; 5. Conclusion; References; Chapter 7. Monetary mechanisms, government deficits, and external constraints in Germany; 1. Introduction; 2. The monetary policy of the Deutsche Bundesbank; 3. The transmission of monetary policy reactions to the level and structure of interest rates; 4. Control of monetary aggregates; 5. Interest rate reactions under alternative monetary policy assumptions
- 6. ConclusionsReferences; Comparative summary; PART V; Chapter 8. The dilemmas of economic policy in France and Germany: Trade-offs between inflation, unemployment, and the current account; 1. Introduction; 2. Historical trends in the main objectives of economic policy; 3. Macroeconomic impacts of public expenditure and exchange rate policy; 4. The main trade-offs of economic policy; Appendix; Reference; Chapter 9. The transmission of international disturbances to the French and German economies, 1972-1980; 1. Introduction; 2. An historical description; 3. Design of the experiments