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This book focuses on the implications of the South African labour market dynamics including labour market reforms and fiscal policy for monetary policy and fina
The Effects of Macroeconomic Policy Shocks on the UK Labour Market
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This paper discusses the dynamic response of employment, average hours and real wages to monetary, government spending and net taxes shocks in the UK for the 19
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What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills
Monetary Policy and Macroeconomic Stabilization
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As a fundamental review and critique of activist economic policies, this book is a unique contribution to classical political economy. "Monetary Policy and Macr
Monetary and Fiscal Dynamics
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The analysis will be conducted within an IS-LM model augmen- ted by the dynamics of money wages, private capital and public debt. A macroeconomic shock induces