An elegant synthesis of key research on the globalization of production and its relation to wage movements.
In the early 1990s, trade and labor economists, noting the fall in wages for low-skilled workers relative to high-skilled workers, began to debate the impact of trade on wages. This debate--which led to a sometimes heated exchange on the role of trade versus the role of technological change in explaining wage movements--continues today, with the focus now shifting to workers in the middle of the wage distribution. In Offshoring in the Global Economy, noted economist Robert Feenstra offers a synthesis of fifteen years of research--linking his own work to related research by others--on the globalization of production and its relation to wage movements. Feenstra first contrasts the views of trade economists Paul Krugman and Edward Leamer, who both relied (to different ends) on the Heckscher--Ohlin model. He then examines the new type of trade models focusing on the transfer of production processes across countries. Feenstra suggests a new calculation of the factor content of trade that demonstrates the durability of the Heckscher--Ohlin model. Feenstra then examines the macroeconomics of offshoring, focusing on business cycle volatility, prices, and productivity. Finally, he discusses the broader implications of both empirical and theoretical work on offshoring and suggests directions for future research.
Описание: This book explains why governments respond differently to macroeconomic problems and why necessary reforms are sometimes delayed until a serious financial crisis erupts. Empirical analyses at both the individual level across a broad range of countries and case studies of national policy responses to financial and economic crises in Asia and Eastern Europe support the argument.
Автор: Bertola, G. Foellmi, Reto Zweimuller, Josef Название: Income distribution in macroeconomic models ISBN: 0691121710 ISBN-13(EAN): 9780691121710 Издательство: Wiley Рейтинг: Цена: 15840.00 р. Наличие на складе: Есть у поставщика 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.
Автор: Edited by Steve Dowrick Название: Economic Growth and Macroeconomic Dynamics ISBN: 0521049423 ISBN-13(EAN): 9780521049429 Издательство: Cambridge Academ Рейтинг: Цена: 5069.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book brings together a number of contributions in growth theory and macroeconomic dynamics that reflect developments and the ongoing debate over the relative merits of neo-classical and endogenous growth models.
Автор: Blejer, Mario I. Название: Macroeconomic Dimensions of Public Finance ISBN: 0415141117 ISBN-13(EAN): 9780415141116 Издательство: Taylor&Francis Рейтинг: Цена: 19906.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Does liberalization necessitate a reduced government role? Is there a residual role of government after socialism and dirigisme? This work provides indepth analysis of issues pertinent to public finance.
Автор: Feenstra Robert C Название: International Macroeconomics ISBN: 1429278439 ISBN-13(EAN): 9781429278430 Издательство: Springer Рейтинг: Цена: 9781.00 р. Наличие на складе: Поставка под заказ.
Описание: Feenstra/Taylor offers the right amount of book for your course. International Macroeconomics is available as a separate volume for the international finance module. The text seamlessly integrates established core content with topic areas and ideas that have emerged from recent empirical studies.
Автор: Akerlof George A., Blanchard Olivier J., Romer Dav Название: What Have We Learned?: Macroeconomic Policy After the Crisis ISBN: 0262027348 ISBN-13(EAN): 9780262027342 Издательство: MIT Press Рейтинг: Цена: 5409.00 р. Наличие на складе: Нет в наличии.
Описание:
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.
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