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Dynamic response to external shocks in classical and Keynesian economies.

By: Serven, Luis.
Material type: materialTypeLabelBookPublisher: Washington : World Bank, 1994Subject(s): Private Enterprises | Private enterpriseSummary: This paper discusses and compares the effects of the three shock classes on the dynamic domestic economy and presents the simulation results for external shocks, i.e a decline in the foreign real interest rate.
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This paper discusses and compares the effects of the three shock classes on the dynamic domestic economy and presents the simulation results for external shocks, i.e a decline in the foreign real interest rate.

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