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Autor
Dudek Maciej K.
Tytuł
Demand side shocks and macroeconomic policy
Źródło
Gospodarka Narodowa, 2009, nr 7-8, s. 17-35, bibliogr. 37 poz.
Słowa kluczowe
Teoria cykli koniunkturalnych, Polityka makroekonomiczna, Wydatki budżetowe, Dług publiczny, Wydatki państwa, Zmienne makroekonomiczne
Business cycles theory, Macroeconomic policy, Budget expenditures, Public debt, Government spending, Macroeconomic variables
Abstrakt
Artykuł skupia się na krótkookresowej dynamice makroekonomicznej wywołanej szokiem popytowym. W szczególności poddano analizie, w ramach ogólnej równowagi, wpływ krótkotrwałego szoku popytowego na zmienne makroekonomiczne i zbadano znaczenie instrumentów polityki podczas zmniejszenia aktywności gospodarczej. Autor twierdzi, że krótkotrwały szok może mieć trwałe efekty. Pokazuje że stabilizacja jest pożądana nawet kiedy szoki są krótkotrwałe z natury. W artykule znajduje się również teza, że wydatki publiczne powiększające zadłużenie mogą być narzędziem stabilizacyjnym i zwiększać dobrobyt na wszystkich płaszczyznach nawet jeśli hamuje tworzenie kapitału.

The paper focuses on short run macroeconomic dynamics triggered by demand side shocks. In particular, the paper analyzes, in a general equilibrium framework, the impact of transitory demand side shocks on the behavior of macroeconomic variables and examines the relevance of policy instruments during downturns in economics activity. The paper establishes that transitory shocks can have persistent effects. It shows that stabilization is desirable even if shocks are transitory in nature. In particular, the article reveals that debt financed government spending is a diable stabilization tool and can improve welfare at all horizons even though it inhibits physical capital formation. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Bibliografia
Pokaż
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Cytowane przez
Pokaż
ISSN
0867-0005
Język
eng
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