Dynamic Models for the Inter-relations of Real and Financial Growth (International Studies in Economic Modelling) - Hardcover

Ekstedt, H.; Westberg, L.

Hardcover

ISBN 10: 0412353504 ISBN 13: 9780412353505

Publisher: Chapman and Hall, 1991

Synopsis

The high growth rate in many industrial countries during the first two decades after World War II produced a financial expansion, which in its turn made possible an extension of the growth process. But it also led to a financial crisis, when increasing costs during the 1970s created growing deficits in the balance of payments and the government budgets in many countries. This volume adopts a disequilibrium approach for analyzing the inter-relation between real and financial development, in a world where agents are not able to realize their plans. The authors take as their starting point the theoretical world of Keynes and the Stockholm School, since the modern disequilibrium analysis, in their view, often disregards the financial side of the economy.

About this title

Product Description

Dynamic Models for the Inter-relations of Real and Financial Growth Adopting a disequilibrium approach in analyzing the inter-relation between real and financial development in industrial countries, this volume discusses such subjects as factor income distribution, financial flows and stocks, economic stability, and production, wages and prices.

Edition details

• Publisher: Chapman and Hall
• Publication date: 1991
• Language: English
• ISBN 10: 0412353504
• ISBN 13: 9780412353505
• Binding: Hardcover
• Number of pages: 245