Demand management with rationing

Michael Moore

No 198310, Working Papers from School of Economics, University College Dublin

Abstract: This paper examines the impact of monetary and fiscal policies in both the Barro-Grossman model and a neo-Keynesian model which incorporates a bond market. It is shown that there is a unique demand management policy for every temporary equilibrium state which obviates the need to resort to 'supply-side' or wage-price policies. It emerges that these policies can containg counter intuitive elelments.

Keywords: Equilibrium (Economics); Demand (Economic theory); Monetary policy; Fiscal policy (search for similar items in EconPapers)
Date: 1983-06
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http://hdl.handle.net/10197/1402 First version, 1983 (application/pdf)

Related works:
Journal Article: Demand Management with Rationing (1985)
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