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Demand Management with Rationing

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  • Moore, Michael J

Abstract

This paper examines the impact of monetary and fiscal policies in both the Barro-Grossman model and a neo-Keynesian model which incorporates a bond market. It is shown that there is a unique demand management policy for every temporary equilibrium state which obviates the need to resort to 'supply-side' or wage-price policies. It emerges that these policies can containg counter intuitive elelments.
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Suggested Citation

  • Moore, Michael J, 1985. "Demand Management with Rationing," Economic Journal, Royal Economic Society, vol. 95(377), pages 73-86, March.
    • Handle: RePEc:ecj:econjl:v:95:y:1985:i:377:p:73-86
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