Policy and cycles.

Title: Policy and cycles.
Identifier: AAI9304651
identifier: 9304651
Creator: Dashputre, Suneet Govind.
Contributor: Adviser: Salih Neftci
Date: 1992
Language: English
Publisher: City University of New York.
Subject: Economics, General | Economics, Theory
Abstract: A General Equilibrium model of a simple economy was developed. The model has two decision makers: A representative household and a government. The impact of anticipated exogenously chosen policy variables on the households' choices and resulting prices is computed. The derived dynamic equilibrium for prices and quantities replicates the fundamental facts about the evolution of macroeconomic variables over the business cycle. We also demonstrate that if the governments' demand for goods and labor fluctuates over time; stability of the economy requires the policymaker to impose an exogenously chosen time-sequence of a choice variable or a price upon the household.
Type: dissertation
Source: PQT Legacy CUNY.xlsx
degree: Ph.D.