Dynamics of macroeconomic adjestment with growth: some simulation results

This paper examines the impact of several macroeconomic policies, both demand and supply management policies, on economic activity within a small macroeconomic simulation model. The model is based on a standard analytical framework that underlies adjustment policies in developing economies (DEs). Th...

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Main Author:	Sushanta K. Mallick
Format:	Default Article
Published:	2001
Subjects:	Other economics not elsewhere classified untagged Economics Economics not elsewhere classified
Online Access:	https://hdl.handle.net/2134/2046
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id	rr-article-9491471
record_format	Figshare
spelling	rr-article-94914712001-01-01T00:00:00Z Dynamics of macroeconomic adjestment with growth: some simulation results Sushanta K. Mallick (7195175) Other economics not elsewhere classified untagged Economics Economics not elsewhere classified This paper examines the impact of several macroeconomic policies, both demand and supply management policies, on economic activity within a small macroeconomic simulation model. The model is based on a standard analytical framework that underlies adjustment policies in developing economies (DEs). The standard approach has been to use aggregate government expenditure as an instrument of fiscal policy to shock economic activity in a DE, with a negative dynamic response typically observed. In the context of such a small macroeconomic simulation model we decompose government expenditure into consumption and investment expenditure. Simulation exercises with and without model-consistent expectations throw up some contrasting results in the sense that fiscal policy can influence output positively through the effects of public sector investment on private investment in a DE such as India. 2001-01-01T00:00:00Z Text Journal contribution 2134/2046 https://figshare.com/articles/journal_contribution/Dynamics_of_macroeconomic_adjestment_with_growth_some_simulation_results/9491471 CC BY-NC-ND 4.0
institution	Loughborough University
collection	Figshare
topic	Other economics not elsewhere classified untagged Economics Economics not elsewhere classified
spellingShingle	Other economics not elsewhere classified untagged Economics Economics not elsewhere classified Sushanta K. Mallick Dynamics of macroeconomic adjestment with growth: some simulation results
description	This paper examines the impact of several macroeconomic policies, both demand and supply management policies, on economic activity within a small macroeconomic simulation model. The model is based on a standard analytical framework that underlies adjustment policies in developing economies (DEs). The standard approach has been to use aggregate government expenditure as an instrument of fiscal policy to shock economic activity in a DE, with a negative dynamic response typically observed. In the context of such a small macroeconomic simulation model we decompose government expenditure into consumption and investment expenditure. Simulation exercises with and without model-consistent expectations throw up some contrasting results in the sense that fiscal policy can influence output positively through the effects of public sector investment on private investment in a DE such as India.
format	Default Article
author	Sushanta K. Mallick
author_facet	Sushanta K. Mallick
author_sort	Sushanta K. Mallick (7195175)
title	Dynamics of macroeconomic adjestment with growth: some simulation results
title_short	Dynamics of macroeconomic adjestment with growth: some simulation results
title_full	Dynamics of macroeconomic adjestment with growth: some simulation results
title_fullStr	Dynamics of macroeconomic adjestment with growth: some simulation results
title_full_unstemmed	Dynamics of macroeconomic adjestment with growth: some simulation results
title_sort	dynamics of macroeconomic adjestment with growth: some simulation results
publishDate	2001
url	https://hdl.handle.net/2134/2046
_version_	1797561913279774720

Dynamics of macroeconomic adjestment with growth: some simulation results

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