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This paper investigates the long run and short run relationships of monetary policy, inflation and economic growth in Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the relationships of monetary policy and inflation are...
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Abkehr von einer einseitig sozialpolitisch orientierten Wirtschafts- und Arbeitsmarktpolitik. Ihr Ziel war aber keinesfalls …
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This paper surveys the link between imperfect competition and the effects of fiscal policy on output, employment and welfare. We examine static and dynamic models, with and without entry under a variety of assumptions using a common analytical framework. We find that in general there is a robust...
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The global COVID-19 pandemic caused a severe blow to the world economy, bringing the biggest economic downturn since … the economy. To withstand these shocks, most of the states started to use fiscal stimulus measures. The main purpose of … this paper is to present the effects that COVID-19 caused on the world economy, as well as to review Keynes's ideas …
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