This macroeconomic study examines in a growth context the international feedbacks and constraints on house- holds' and firms' decisions, treated as time-optimizing problems under risk aversion. The economy finds its full-employment time-path only via monetary and fiscal measures, and exchange-rate adjustment.
| Author: Franz Gehrels |
| Publisher: Springer |
| Publication Date: Jun 19, 1991 |
| Number of Pages: 183 pages |
| Binding: Paperback or Softback |
| ISBN-10: 3540540741 |
| ISBN-13: 9783540540748 |