Government Deficits, Private Investment and the Current Account: An Intertemporal Disequilibrium Analysis
在一个包含跨期最优私人行为的模型中分析财政政策，并明确纳入由工资合同和价格刚性导致的短期劳动和商品市场非均衡。
An analysis of the fiscal policy in the account of a model with intertemporal optimisation underlying private behaviour. Besides is incorporated explicitly the possibility of (short-run) labour and goods market disequilibrium caused by Fischer (1977)--Gray (1978) type contract-based real-wage rigidities and within-period downwards price inflexibility.