Abstract
The analysis of monetary and fiscal policies which we carried out in Chapter 4 and subsequent chapters did not allow for the fact that such policies imply changes in the size and composition of the private sector’s wealth. These in turn will change the private sector’s demand for goods and financial assets. This must be taken account of if there is to be a complete and consistent analysis of policy.1
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Further reading
Blinder and Solow [3], Fetherston and Godley [6], Brunner and Meltzer [12] and Fischer and Barro [13].,
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© 1982 Rosalind Levačić and Alexander Rebmann
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Levačić, R., Rebmann, A. (1982). Policy Analysis When Asset Stocks Adjust. In: Macroeconomics. Palgrave, London. https://doi.org/10.1007/978-1-349-86044-9_21
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DOI: https://doi.org/10.1007/978-1-349-86044-9_21
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