Fiscal and Monetary Policy in the Classical and Keynesian Models

The classical and Keynesian approaches to macroeconomic policy are different. Disagreements relate to the causes of instability in aggregate demand; factors that determine aggregate supply; the relationship between inflation and unemployment; fiscal and monetary policy instruments. The general methodological approach of Keynesians is the concept of an active macroeconomic policy of the state, which is […]

Securities Market

The securities market is in close cooperation with the money market. The securities market differs from other types of market by the specific nature of the traded goods. A security is a very special commodity. It is both a title deed and a debt obligation. This is the right to receive income and the obligation […]