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.
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.
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: Cobham Название: Twenty Years of Inflation Targeting ISBN: 1107696895 ISBN-13(EAN): 9781107696891 Издательство: Cambridge Academ Рейтинг: Цена: 6018.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book provides a comprehensive review of the experience of inflation targeting since its introduction in New Zealand in 1989 and looks in detail at what we can learn from the past twenty years and what challenges we may face in the future.
Автор: Weale Название: Macroeconomic Policy ISBN: 1138940011 ISBN-13(EAN): 9781138940017 Издательство: Taylor&Francis Рейтинг: Цена: 21437.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This analysis of macroeconomic policy, originally published in 1989, argues that key government objectives, such as reduced inflation, decreased unemployment and an adequate level of national saving can be achieved only by employing both monetary and fiscal policies, in conjunction with supply-side policies expressly designed to improve the workings of the labour market.
Автор: Akerlof George A., Blanchard Olivier, Romer David Название: What Have We Learned?: Macroeconomic Policy After the Crisis ISBN: 0262529858 ISBN-13(EAN): 9780262529853 Издательство: MIT Press Рейтинг: Цена: 9196.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
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.
Описание: Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years.
Автор: Richard Barwell Название: Macroeconomic Policy after the Crash ISBN: 1137515910 ISBN-13(EAN): 9781137515919 Издательство: Springer Рейтинг: Цена: 9781.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book reviews the key policy debates during the post-crash era, describing the issues that policymakers grappled with, the decisions that they took and the details of the policy instruments that were created.
Название: Theoretical Foundations of Macroeconomic Policy ISBN: 1138645842 ISBN-13(EAN): 9781138645844 Издательство: Taylor&Francis Рейтинг: Цена: 24499.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
The recent economic events driven by the great financial crisis of 2007-08 has challenged some "dogma," highlighting various limits and drawbacks of current paradigms. The crisis showed the limitations of monetary policy and led to a revaluation of what levels of public debt can be considered safe. This volume aims to refresh the debate on some important long-run macroeconomic issues from new and fresh perspectives.
Theoretical Foundations of Macroeconomic Policy raises a number of questions relating to the challenges faced by macroeconomic theory and policies. The common line is the long run and policy perspective. The first part of the book is devoted to the theory of growth and productivity. The second part concentrates on long-run effects of fiscal and monetary policy. Specifically, topics investigated by the international range of authors are the theory of optimal growth, the productivity policies and production function estimations, demand- vs. supply- driven growth, optimal debt default and the incompleteness of financial markets, the long-run optimal inflation target and its relationship with public finance, the long term effects of government budget constraints on growth, and effect on optimal policies in non-market clearing environment.
The book will be of interest to postgraduates, researchers, and academics studying macroeconomics and fiscal policies.
Автор: Richard Barwell Название: Macroeconomic Policy after the Crash ISBN: 3319404628 ISBN-13(EAN): 9783319404622 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book reviews the key policy debates during the post-crash era, describing the issues that policymakers grappled with, the decisions that they took and the details of the policy instruments that were created.
Автор: Britton Andrew Название: Macroeconomic Policy in Britain 1974-1987 ISBN: 0521478332 ISBN-13(EAN): 9780521478335 Издательство: Cambridge Academ Рейтинг: Цена: 7445.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book is a survey of macroeconomic policy in Britain in the 1970s and 1980s which argues that there were important elements of continuity in the way decisions were actually taken year-by-year and month-by-month in the Treasury and the Bank of England in this period.
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