Change search
ReferencesLink to record
Permanent link

Direct link
Remaining Puzzles and Neglected Issues in Macroeconomics
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
1988 (English)Report (Other academic)
Abstract [en]

This paper analyses the "chain" of transmission mechanisms of economic policy actions to financial markets, output and employment and, finally, unemployment -- in an attempt to identify "remaining puzzles" and "neglected issues" in macroeconomics. The paper emphasizes the consequences of fiscal and monetary policy actions on real variables, including real interest rates and real exchange rates. An attempt is made to explain why product demand shocks often tend to have faster effects on output and employment than on prices. The paper also discusses why demand-induced increases in output and employment are not systematically connected with a "reduction" in the product wage rate. The paper ends with a discussion of various supply-side considerations in macroeconomics.

Place, publisher, year, edition, pages
Stockholm: IIES , 1988. , 38 p.
Seminar Paper / Institute for International Economic Studies, Stockholm University, ISSN 0347-8769 ; 424
National Category
URN: urn:nbn:se:su:diva-41611OAI: diva2:331585
Available from: 2010-07-23 Created: 2010-07-23 Last updated: 2010-07-23Bibliographically approved

Open Access in DiVA

fulltext(5409 kB)46 downloads
File information
File name FULLTEXT01.pdfFile size 5409 kBChecksum SHA-512
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Lindbeck, Assar
By organisation
Institute for International Economic Studies

Search outside of DiVA

GoogleGoogle Scholar
Total: 46 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 23 hits
ReferencesLink to record
Permanent link

Direct link