Centralization and Decentralization in Economic PolicyThis study considers a decentralized economic policy and to what extent a centralization of economic policy would seem justified on a national and international level. |
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Contents
Introductory | 1 |
Decentralized Quantitative Economic Policy | 18 |
Generalities | 45 |
Copyright | |
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application assumed assumptions autonomous balance of payments base period boundary conditions central policy-maker CENTRALIZATION AND DECENTRALIZATION centralized policy choice coefficients conflicting instruments conformity considered corresponding country concerned country h customs union decentralized economic policy decentralized policy definition equations determine differential form direct influence distribution disutilities economic analysis employers employment equal equilibrium example fixed targets flexible targets follows given government expenditure higher instru instrument variables instruments of economic introduced linear function maximization maximum ment national income neutral instruments Nominal wage rate non-conformity number of instruments numerical values objective equations oligopolistic optimum payments deficit possible price level qualitative economic quantitative economic policy real income real wage realised relevant result similarity situation social utility function structural equations subjective supporting instrument symbols target variables TINBERGEN trade unions various volume of production wh's workers yield