E-Knjižnica FET "Dr. Mijo Mirković"

Can there be a `golden triangle´ of internal equilibrium?

Škare, Marinko (2010) Can there be a `golden triangle´ of internal equilibrium? Journal of Policy Modeling.

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The necessity of maintaining a balance between growth, employment and prices has always been in focus of economic policy debate. This piece of research is our modest contribution in the same direction. We explore the possibility of a simultaneous equilibrium of the mentioned three targets of national economic policy. Our empirical analysis show that a triangular equilibrium (what we call ‘golden triangle’) exists and that the governments can follow a policy of close monitoring the behaviour of the three variables and support the ‘optimum’ rate through an active intervention. We have looked for the quantitative relations that exist between the key economic variables and economic policy goals. It is our contention that a macroeconomic policy mechanism based on the golden triangle rule can help the governments to promote a long-term equilibrium growth and avoid possible close encounters with business cycles.

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Tip objekta: Članak
Ključni pojmovi: growth, inflation, golden triangle rule, unemployment, internal equilibrium
Teme: 3 Društvene znanosti > 33 Ekonomija. Ekonomska znanost > 330 Ekonomija općenito > 330.1 Ekonomska znanost. Osnovni ekonomski pojmovi, teorija. Vrijednost. Kapital. Fondovi > 330.101.541 Makroekonomija
Odjeli: Fakultet ekonomije i turizma "Dr. Mijo Mirković"
Datum pohrane: 04 Pro 2013 10:57
Zadnja promjena: 04 Pro 2013 10:57
URI: http://eknjiznica.unipu.hr/id/eprint/2532

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