Fiscal policy: cyclical budget balance versus fatal crowding out

Intro -- Preface -- Contents -- 1. Introduction -- 2. Short-Run Equilibrium -- 3. Long-Run Equilibrium -- 3.1. Long-Run Equilibrium -- 3.2. Process of Adjustment -- 3.3. Simulation -- 3.4. Public Consumption in Utility Function -- 4. Process of Adjustment -- 4.1. Short-Run Equilibrium -- 4.2. Medium-Run Equilibrium -- 4.3. Long-Run Equilibrium -- 4.4. Process of Adjustment -- 4.5. AD-AS Diagram -- 5. Investment Shock and Cyclical Adjustment -- 5.1. Economy Without Public Sector -- 5.1.1. Overlapping Generations Model -- 5.1.2. Multiplier-Accelerator Model -- 5.1.3. Simulation -- 5.2. Economy With Public Sector -- 5.2.1. Overlapping Generations Model -- 5.2.2. Multiplier-Accelerator Model -- 5.2.3. Simulation -- 5.3. Economy With Fiscal Policy -- 5.3.1. Overlapping Generations Model -- 5.3.2. Multiplier-Accelerator Model -- 5.3.3. Simulation -- 5.4. Alternative Paths -- 5.4.1. Stability -- 5.4.2. Damped Oscillations -- 5.4.3. Explosive Oscillations -- 6. Investment Shock, Public Interest and Cyclical Adjustment -- 6.1. Economy With Public Sector -- 6.1.1. Overlapping Generations Model -- 6.1.2. Multiplier-Accelerator Model -- 6.1.3. Simulation -- 6.2. Economy With Fiscal Policy -- 6.2.1. Overlapping Generations Model -- 6.2.2. Multiplier-Accelerator Model -- 6.2.3. Simulation -- 6.2.4. Restoring Stability -- 6.3. Stability -- 7. Extensions -- 7.1. The Concept of Full Employment -- 7.2. Investment Shock -- 7.2.1. Money Finance of Budget Deficit -- 7.2.2. Investment Subsidy -- 7.2.3. Monetary Policy -- 7.3. Monetary Shock -- 7.3.1. Process of Adjustment -- 7.3.2. Fiscal Policy -- 7.3.3. Monetary Policy -- 7.4. Growing Economy -- 7.4.1. Fiscal Policy -- 7.4.2. Optimum Fiscal Policy -- 8. Conclusion -- 9. Result -- List of Symbols -- References -- Index.