Dynamic Analysis of Two Policy Lags in a Kaldorian Model
We examine the effects of policy lags on local economic stability using a Kaldorian model. This study analyzes two cases: the case of a monetary policy with a time lag and the case of a policy with both fiscal and monetary lags. Similar to the case of fiscal policy lags examined in a previous study,...
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| Format: | Article |
| Language: | English |
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Wiley
2015-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2015/927138 |
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| _version_ | 1849471556564025344 |
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| author | Eiji Tsuzuki |
| author_facet | Eiji Tsuzuki |
| author_sort | Eiji Tsuzuki |
| collection | DOAJ |
| description | We examine the effects of policy lags on local economic stability using a Kaldorian model. This study analyzes two cases: the case of a monetary policy with a time lag and the case of a policy with both fiscal and monetary lags. Similar to the case of fiscal policy lags examined in a previous study, monetary policy lags have destabilizing effects on economic stability. However, in the case of the existence of both fiscal and monetary policy lags, there is a possibility that a monetary policy lag can stabilize an economy. |
| format | Article |
| id | doaj-art-c55c078a442d4aaa8a9112da41ab8363 |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2015-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-c55c078a442d4aaa8a9112da41ab83632025-08-20T03:24:47ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2015-01-01201510.1155/2015/927138927138Dynamic Analysis of Two Policy Lags in a Kaldorian ModelEiji Tsuzuki0Faculty of Economics, Chiba Keizai University, Chiba 263-0021, JapanWe examine the effects of policy lags on local economic stability using a Kaldorian model. This study analyzes two cases: the case of a monetary policy with a time lag and the case of a policy with both fiscal and monetary lags. Similar to the case of fiscal policy lags examined in a previous study, monetary policy lags have destabilizing effects on economic stability. However, in the case of the existence of both fiscal and monetary policy lags, there is a possibility that a monetary policy lag can stabilize an economy.http://dx.doi.org/10.1155/2015/927138 |
| spellingShingle | Eiji Tsuzuki Dynamic Analysis of Two Policy Lags in a Kaldorian Model Discrete Dynamics in Nature and Society |
| title | Dynamic Analysis of Two Policy Lags in a Kaldorian Model |
| title_full | Dynamic Analysis of Two Policy Lags in a Kaldorian Model |
| title_fullStr | Dynamic Analysis of Two Policy Lags in a Kaldorian Model |
| title_full_unstemmed | Dynamic Analysis of Two Policy Lags in a Kaldorian Model |
| title_short | Dynamic Analysis of Two Policy Lags in a Kaldorian Model |
| title_sort | dynamic analysis of two policy lags in a kaldorian model |
| url | http://dx.doi.org/10.1155/2015/927138 |
| work_keys_str_mv | AT eijitsuzuki dynamicanalysisoftwopolicylagsinakaldorianmodel |