On the Theory of Economic Policy

alternative balance of payments basic model boundary conditions business cycle changes chapter coefficients complete complicated conditional targets considered credit creation decrease depend devaluation discussed ditions effectiveness elimination employment example exports expressions factors formulae functions given hence important increase in productivity indicate indirect taxes instrument variables introduced irrelevant variables labour productivity large number linear matrix means national income nominal wage rates number of instruments number of targets numerical values obtained optimum policy organisation payments deficit political parameters possible problems of economic profit margins public expenditure qualitative quantitative economic policy quantitative policy real national expenditure Real wage rate represent result rôle sense simplified version social equilibrium solution structural equations structural relations systematic systems of economic target values target variables targets and instruments tax rate technical theory of economic unconditional various y₁ z₁ δλ дук