Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960–1985
by Jerome L. Stein Disenchantment with Keynesian econollics developed during the post-1968 period when the rate of growth of output declined, the rate of unemployment rose, and the rate of inflation increased in the U.S. and in other countries. This paradox, called stagflation, was inconsistent with...
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| Format: | eBook |
| Language: | English |
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Berlin, Heidelberg
Springer Berlin Heidelberg
1989, 1989
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| Edition: | 1st ed. 1989 |
| Series: | Lecture Notes in Economics and Mathematical Systems
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- I Introduction
- II The German Economy: 1960–1985
- 1. Institutional Arrangements
- 2. Twenty-Five Years of Economic Policy Making
- 3. The Performance of the German Economy: 1960–1985
- III Survey and Critique of the Literature: Empirical Studies of the German Macroeconomy
- 1. Introduction
- 2. Impulse-Theoretic Models
- 3. Monetarist, Keynesian, and Rational Expectations Models
- 4. Structural Models of Other Open Economies
- 5. Phillips Curve Studies
- 6. Causality Studies
- 7. A Critical Evaluation of Previous Studies of Germany
- IV Fixed Versus Flexible Exchange Rates in the Open Economy: Theory and Reality
- 1. Introduction
- 2. Open Economy Macroeconomics: A Synthesis View
- 3. Open Economy Macroeconomics and Reality
- V Monetarist, Keynesian, and New Classical Theories of Output, Unemployment, and Inflation in Germany: 1960–1985
- 1. Introduction
- 2. The General Theoretical Framework
- 3. Alternative Views of Unemployment, Output, and Inflation
- 4. Empirical Evidence
- 5. A “Correct” Model of the German Economy? Conclusions and Outlook
- Table Appendix to Chapter V
- Data Sources