Описание: The Great Depression of the 1930s gave birth to a branch of economics that in 1933 Ragnar Frisch christened macroeconomics. This book presents an unconventional perspective on macroeconomics - the interplay of theory and policy in a historical context.
Описание: Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and modeling techniques inspired by new classical economics and real business cycle theory. It also probes in which direction models may be extended from here. Empirically, the book uses different econometric techniques to investigate the relevance and implications of different macroeconomic theories for German data. A key question this book investigates is the role of demand and supply side conditions for the increase in the German unemployment rate. On a policy level, the book relates the implications of the different theories to the ongoing debate on the appropriate roles of demand and supply side policies for curing the German unemployment problem.
Автор: Wickens, Michael R. Название: Macroeconomic theory ISBN: 0691116407 ISBN-13(EAN): 9780691116402 Издательство: Wiley Рейтинг: Цена: 6731 р. Наличие на складе: Поставка под заказ.
Описание: Emphasizing the general equilibrium character of macroeconomics, this book explains effects across the whole economy, not just part. It presents the simplest general equilibrium macroeconomic model for a closed economy, and develops a comprehensive model of the open economy.
Описание: In this book the author analyses a problem afflicting most developing countries - that of reducing budget deficits while maintaining growth and keeping inflation and trade deficits under control. Using a real-financial computable equilibrium model, the problem has been analysed in the Indian context.
Top economists consider how to conduct policy in a world where previous beliefs have been shattered by the recent financial and economic crises.
Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and researchers to rethink basic theory. George Akerlof, Nobel Laureate and one of this volume's editors, compares the crisis to a cat stuck in a tree, afraid to move. In April 2013, the International Monetary Fund brought together leading economists and economic policymakers to discuss the slowly emerging contours of the macroeconomic future. This book offers their combined insights.
The editors and contributors -- who include the Nobel Laureate and bestselling author Joseph Stiglitz, Federal Reserve Vice Chair Janet Yellen, and the former Governor of the Bank of Israel Stanley Fischer -- consider the lessons learned from the crisis and its aftermath. They discuss, among other things, post-crisis questions about the traditional policy focus on inflation; macroprudential tools (which focus on the stability of the entire financial system rather than of individual firms) and their effectiveness; fiscal stimulus, public debt, and fiscal consolidation; and exchange rate arrangements.
Автор: Bertola, G. Foellmi, Reto Zweimuller, Josef Название: Income distribution in macroeconomic models ISBN: 0691121710 ISBN-13(EAN): 9780691121710 Издательство: Wiley Рейтинг: Цена: 11275 р. Наличие на складе: Поставка под заказ.
Описание: Looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Taking stock of results and methods developed in the context of the 1990s revival of growth theory, this book focuses on capital accumulation and long-run growth.
Описание: Trying to summarize the essentials of macroeconomic theory in the wake of the financial crisis that has shaken not only Western economies but also the macroeconomic profession is no easy task. In particular, the notion that markets are self-correcting and always in equilibrium appears to have taken a heavy blow. However, the jury is still out on which areas should be considered as failures and what which constitute the future of research. The overall aim of this text is to provide a compact overview of the contributions that are currently regarded as the most important for macroeconomic analysis and to equip the reader with the essential theoretical knowledge that all advanced students in macroeconomics should be acquainted with. The result is a compact text that should act as the perfect complement to further study of macroeconomics: an introduction to the key concepts discussed in the journal literature and suitable for students from upper undergraduate level through to PhD courses.
Название: Macroeconomic Theory ISBN: 0691152861 ISBN-13(EAN): 9780691152868 Издательство: Wiley Рейтинг: Цена: 10175 р. Наличие на складе: Поставка под заказ.
Описание: Suitable for students and researchers seeking coverage of the developments in macroeconomics, this title lays out the core ideas of modern macroeconomics and its links with finance. It presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy.
Название: Recursive macroeconomic theory 2e ISBN: 026212274X ISBN-13(EAN): 9780262122740 Издательство: MIT Press Рейтинг: Цена: 5654 р. Наличие на складе: Поставка под заказ.
Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. The second edition contains substantial revisions to about half the original material, and extensive additional coverage appears in seven chapters new to this edition. The updated and added material covers exciting new topics that further illustrate the power and pervasiveness of recursive methods.Significant improvements to original chapters include a better treatment of the existence of recursive equilibria, an enhanced account of the supermartingale convergence theorem, and an extended treatment of an optimal taxation problem in an economy in which there are incomplete markets. Completely new coverage in the second edition includes an introductory chapter, which gives an overview of the themes uniting the diverse topics treated throughout the book. Two new chapters offer a self-contained account of the optimal growth model and some of its basic applications in macroeconomics and public finance. Other new chapters cover such topics as how to formulate and compute Stackelberg or Ramsey plans in linear economies, sustainable risk-sharing equilibria without commitment, and the application of recursive contracts to topics in international trade. Most chapters conclude with exercises and the book includes two technical appendixes covering functional analysis and control and filtering.
Описание: Nobel Laureate Robert Solow assesses the implications of monopolistic competition on macroeconomic theory.
Автор: Ljungqvist, Lars Название: Recursive Macroeconomic Theory ISBN: 0262194511 ISBN-13(EAN): 9780262194518 Издательство: Wiley Цена: 6318 р. Наличие на складе: Поставка под заказ.
Описание: Recursive methods offer a powerful approach in dynamic macroeconomics. This book contains both an introduction to recursive tools, including standard
applications such as asset pricing, and advanced material, including analyses of reputational mechanisms and contract design. The tools are presented with enough technical
sophistication to get the reader started working on practical problems.
When numerical simulations are called for, the book provides suggestions for how to proceed, as well
as references for further reading. The applications cover many substantive issues in macroeconomics, such as equilibrium asset prices, market incompleteness, wealth distribution,
fiscal-monetary theories of inflation, government debt, optimal labour and capital taxation, time consistency and credible government policies, optimal social insurance, economic growth
and labour market dynamics.
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