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Title Details:
Macroeconomic Equilibrium
Authors: Kyrikos, Dimitrios
Reviewer: Vlassis, Minas
Subject: LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > MACROECONOMICS AND MONETARY ECONOMICS
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > MACROECONOMICS AND MONETARY ECONOMICS > GENERAL AGGREGATIVE MODELS
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > MACROECONOMICS AND MONETARY ECONOMICS > MACROECONOMICS: CONSUMPTION, SAVING, PRODUCTION, EMPLOYMENT, AND INVESTMENT
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > MACROECONOMICS AND MONETARY ECONOMICS > PRICES, BUSINESS FLUCTUATIONS, AND CYCLES
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > MACROECONOMICS AND MONETARY ECONOMICS > MONEY AND INTEREST RATES
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > MACROECONOMICS AND MONETARY ECONOMICS > MONETARY POLICY, CENTRAL BANKING, AND THE SUPPLY OF MONEY AND CREDIT
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > MACROECONOMICS AND MONETARY ECONOMICS > MACROECONOMIC POLICY, MACROECONOMIC ASPECTS OF PUBLIC FINANCE, AND GENERAL OUTLOOK
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > INTERNATIONAL ECONOMICS > MACROECONOMIC ASPECTS OF INTERNATIONAL TRADE AND FINANCE
Description:
Abstract:
In this chapter, the concept of short-run macroeconomic equilibrium is presented as the state of the economy where output does not tend to change. This short-run equilibrium is determined in the context of the total expenditure model, introduced by J. M. Keynes. To simplify the analysis, we first examine a minimal economic structure without a public sector or foreign transactions and show analytically the determination of equilibrium output and the amplifying effects of changes in total expenditure. Then, we expand the model with a public sector and discuss the effects of fiscal changes.
Linguistic Editors: Kalokyri, Anastasia
Technical Editors: Karamolegkou, Maria
Type: Chapter
Creation Date: 2015
Item Details:
License: http://creativecommons.org/licenses/by-nc-nd/3.0/gr
Handle http://hdl.handle.net/11419/1562
Bibliographic Reference: Kyrikos, D. (2015). Macroeconomic Equilibrium [Chapter]. In Kyrikos, D. 2015. Macroeconomic Analysis and Policy [Undergraduate textbook]. Kallipos, Open Academic Editions. https://hdl.handle.net/11419/1562
Language: Greek
Is Part of: Macroeconomic Analysis and Policy
Publication Origin: Kallipos, Open Academic Editions