Stagflation: Demand management

Front Cover

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Contents

Introduction
7
Money Income Balance
26
Fiscal Monetary and Foreign
46
The Marriage of Weapons and Targets
62
Discretionary Interventions
77
The Formulation and Historical Application of
85
Results of the Rerun
98
The Use of Indirect Taxes as a Regulator
129
Why Not Optimal Control?
216
The Design and Performance of New Keynesian Policies
219
The Initial Design
221
A More Robust Design
233
The Proposed Policy
235
A Summary of Policy Performance
247
Appendix A The Economic Model
250
The Basic Structure of the Model
251

The Use of Income Tax as a Regulator
142
The Use of a Wages Tax as a Regulator
150
Feedback Systems and Economic Policies
161
FrequencyResponse Methods for Policy Design
182
Frequency Responses and Transfer Functions
189
Frequency Response and System Performance
196
Factors Limiting Performance
208
Multivariable Systems
210
Design Techniques
214
Notation and Layout of the Model
257
Equations of the Model
258
Dynamic Multipliers
285
Equations for the Proposed Policy Rules
289
Appendix B The Policy Rules Discussed in Chapter XIV
294
References
296
Index
299
Copyright

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