Economic growth with incomplete financial discipline
We introduce soft budget constraint and stop-go policy into a stable two-sector AK macromodel. As the extended model does not have any fixed point, we use computer-simulation to examine the dynamic behaviour of the model. We show that depending on the starting position and the parameter values, the...
Elmentve itt :
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| Dokumentumtípus: | Könyv része |
| Megjelent: |
2012
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| Sorozat: | Crisis Aftermath: economic policy changes in the EU and its Member States : International Conference University of Szeged 8-9 March 2012 : conference Proceedings
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| Kulcsszavak: | Gazdaságpolitika |
| Online Access: | http://acta.bibl.u-szeged.hu/57500 |