130645 20240130150402.0 doi 10.1111/meca.12133 sideral 95097 ART-2017-95097 eng Almudí, Isabel Universidad de Zaragoza (orcid)0000-0003-3766-9157 Rethinking Macroeconomic Policy within a Simple Dynamic Model 2017 We 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. info:eu-repo/grantAgreement/ES/DGA/S10 info:eu-repo/semantics/closedAccess All rights reserved http://www.europeana.eu/rights/rr-f/ 1.379 2017 ECONOMICS 133 / 353 = 0.377 2017 Q2 T2 0.65 2017 Economics and Econometrics 2017 Q2 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Fatás Villafranca, Francisco Universidad de Zaragoza (orcid)0000-0002-1246-6751 Jarne, Gloria Universidad de Zaragoza (orcid)0000-0001-6267-990X Sánchez Chóliz, Julio Universidad de Zaragoza (orcid)0000-0001-9521-4156 4000 415 Universidad de Zaragoza Dpto. Análisis Económico Área Fund. Análisis Económico 68, 3 (2017), 425-464 Metroeconomica Metroeconomica 0026-1386 1152444 http://zaguan.unizar.es/record/130645/files/texto_completo.pdf Postprint 955618 http://zaguan.unizar.es/record/130645/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:130645 articulos driver 2024-01-30-14:04:44 ARTICLE