000130645 001__ 130645 000130645 005__ 20240130150402.0 000130645 0247_ $$2doi$$a10.1111/meca.12133 000130645 0248_ $$2sideral$$a95097 000130645 037__ $$aART-2017-95097 000130645 041__ $$aeng 000130645 100__ $$0(orcid)0000-0003-3766-9157$$aAlmudí, Isabel$$uUniversidad de Zaragoza 000130645 245__ $$aRethinking Macroeconomic Policy within a Simple Dynamic Model 000130645 260__ $$c2017 000130645 5203_ $$aWe propose a simple macro-dynamic model to rethink standard policy prescriptions. Our model includes exogenous growth, endogenous capital accumulation and debt, demand-driven production with a non-linear IS curve, a dynamic Phillips curve, and fiscal and monetary policy instruments. It has multiple steady states with different stability properties, and it is analytically tractable to a significant extent. We complete the analytical results with simulations. We find alternative growth patterns, endogenous fluctuations, and demand-driven level effects even in the long-run. For certain steady states the model shows saddle-path type instabilities, which lead us to reflect on fiscal and monetary policy standards. 000130645 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S10 000130645 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/ 000130645 590__ $$a1.379$$b2017 000130645 591__ $$aECONOMICS$$b133 / 353 = 0.377$$c2017$$dQ2$$eT2 000130645 592__ $$a0.65$$b2017 000130645 593__ $$aEconomics and Econometrics$$c2017$$dQ2 000130645 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000130645 700__ $$0(orcid)0000-0002-1246-6751$$aFatás Villafranca, Francisco$$uUniversidad de Zaragoza 000130645 700__ $$0(orcid)0000-0001-6267-990X$$aJarne, Gloria$$uUniversidad de Zaragoza 000130645 700__ $$0(orcid)0000-0001-9521-4156$$aSánchez Chóliz, Julio$$uUniversidad de Zaragoza 000130645 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico 000130645 773__ $$g68, 3 (2017), 425-464$$pMetroeconomica$$tMetroeconomica$$x0026-1386 000130645 8564_ $$s1152444$$uhttps://zaguan.unizar.es/record/130645/files/texto_completo.pdf$$yPostprint 000130645 8564_ $$s955618$$uhttps://zaguan.unizar.es/record/130645/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000130645 909CO $$ooai:zaguan.unizar.es:130645$$particulos$$pdriver 000130645 951__ $$a2024-01-30-14:04:44 000130645 980__ $$aARTICLE