Morganist See-Saw Model

The Morganist See-Saw Model was devised to show how Monetary policy and Fiscal policy have to balance to maintain maximum potential output. It demonstrates that if the two policies are not in equilibrium with each other, it will either create an inflationary or deflationary gap showing the consequences in regards to personal debt and government deficits when different policy mixes are adopted.

The aim of the model is to simplify and extend the theories expressed in the ISLM curve, which was devised by Hicks and Hanson to provide a diagrammatical way of explaining the work developed by the Keynesian perspective of economics.

Other Potential Economic Implications of the CPR

This paper explains how the CPR and the other facilities devised by Morgan would affect the economy and how these concepts and facilities could be used to distribute wealth.

Reducing Inflation Using Fiscal Policy

This paper examines how the economy is affected by changes in fiscal policy and how different decisions on taxation and interest rates can alter the level of liquidity. It also investigates the practical application of a tax based income policy and assesses which sectors of society would have to be targeted to make it a reality. It also examines the affect that different amounts of liquidity would have on interest rates.