Money, Macroeconomics, and Economic Policy

Money, Macroeconomics, and Economic Policy

Author: William C. Brainard

Publisher: MIT Press

Published: 1991

Total Pages: 392

ISBN-13: 9780262023252

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These original contributions celebrate and extend Tobin's contributions to macroeconomics, international economics, finance, and economic policy.


A Critical Essay on Modern Macroeconomic Theory

A Critical Essay on Modern Macroeconomic Theory

Author: Frank Hahn

Publisher: MIT Press

Published: 1997

Total Pages: 174

ISBN-13: 9780262581547

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In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.


Money, Capital Mobility, and Trade

Money, Capital Mobility, and Trade

Author: Guillermo A. Calvo

Publisher: MIT Press

Published: 2004

Total Pages: 572

ISBN-13: 9780262532600

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Essays by leading economists and scholars reflecting on Mundell's broad influence on modern open-economy macroeconomics.


Macroeconomics, Finance and Money

Macroeconomics, Finance and Money

Author: Giuseppe Fontana

Publisher: Springer

Published: 2010-03-11

Total Pages: 363

ISBN-13: 0230285589

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This volume focuses on current issues of debate in the area of modern macroeconomics and money, written from (a broadly interpreted) post Keynesian perspective. The papers connect with Philip Arestis' contributions to macroeconomics and money, and pay tribute to his distinguished career.


Alternative Approaches in Macroeconomics

Alternative Approaches in Macroeconomics

Author: Philip Arestis

Publisher: Springer

Published: 2018-02-07

Total Pages: 373

ISBN-13: 3319696769

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This book honours Professor John McCombie’s retirement by exploring a variety of themes, theories and debates in non-orthodox macroeconomics. With contributions from leading scholars, the book covers diverse ground in economic thought, policy, empirical work and modelling. It demonstrates ongoing presumptions and asks probing questions of topical questions from the increase of income equality to the international variation of productivity investment. This collection will appeal to academics and students with an interest in the history of macroeconomic thinking.


Trade, Stability, and Macroeconomics

Trade, Stability, and Macroeconomics

Author: George Horwich

Publisher: Academic Press

Published: 2014-05-10

Total Pages: 577

ISBN-13: 1483267482

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Trade, Stability, and Macroeconomics: Essays in Honor of Lloyd A. Metzler provides information pertinent to the fundamental aspects of trade, stability, and macroeconomics. This book covers a variety of topics, including nontraded and intermediate commodities, prices, production, exchange rates, and wages. Organized into five parts encompassing 22 chapters, this book begins with an overview of the theory of international trade and the effect of a tariff or export tax on domestic prices. This text then defines the supply of the international commodities as a function of their prices and of the output of the domestic commodity. Other chapters consider the Stolper–Samuelson analysis of the effects of protection of the distribution of income. This book discusses as well the theory of external–internal balance or the assignment problem as related to macroeconomic policy in an open economy. The final chapter deals with the dynamic allocation of scarce resources. This book is a valuable resource for economists.


Macroeconomic Dimensions of Public Finance

Macroeconomic Dimensions of Public Finance

Author: Mario Blejer

Publisher: Routledge

Published: 2002-09-11

Total Pages: 518

ISBN-13: 1134768850

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There is no magic formula for balancing fiscal policy and economic performance. As a scholar and policy advisor, Vito Tanzi has made a major contribution to identifying links between public finance and macro and microeconomic consequences. His findings bear relevance in both developing and industrialized economies. The essays in this volume and its companion, Fiscal Policy and Economic Reform, highlight many of these interconnected issues, for instance: * the interaction between budgetary policy and economic aggregates, such as employment, inflation and growth * the implication of economic linkages for designing fiscal policies * expenditure policies and alternative deficit financing strategies * the trade-offs between macro- and microeconomic objectives The list of contributors includes Max Corden, John Makin, Ronald McKinnon and Richard Musgrave.


Money, Macroeconomics and Keynes

Money, Macroeconomics and Keynes

Author: Philip Arestis

Publisher: Routledge

Published: 2013-06-17

Total Pages: 294

ISBN-13: 1134573057

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This volume, along with its companion volume, Methodology, Microeconomics and Keynes is published in honour of Victoria Chick, inspired by her own contributions to knowledge in all of these areas and their interconnections. It represents both consolidation and the breaking of new ground in Keynesian monetary theory and macroeconomics by leading figures in these fields.


Exchange Rate Dynamics Redux

Exchange Rate Dynamics Redux

Author:

Publisher:

Published: 1996

Total Pages: 0

ISBN-13:

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Until now, thinking on open economy macroeconomics has been largely schizophrenic. When it comes to analyzing exchange rate dynamics, an empirically-minded economist abandons modern current account models which, while theoretically coherent, fail to address the awkward reality of sticky nominal prices. In this paper we develop an analytically tractable two-country model that marries a full account of dynamics to a supply framework based on monopolistic competition and sticky prices. It offers simple and intuitive predictions about exchange rates and current accounts that sometimes differ sharply from those of either modern flexible-price intertemporal models, or traditional sticky-price Keynesian models. The model also leads to a novel perspective on the international welfare spillovers of monetary and fiscal policies.


Essays in Macroeconomics of an Open Economy

Essays in Macroeconomics of an Open Economy

Author: Franz Gehrels

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 194

ISBN-13: 3642956599

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The large aggregates in the economy - consumption, investment, production of the domestic and the international sectors, international capital flows, financial accumulation and indebtedness - are analysed in this book as problems in time-optimisation for enterprises and households. The effects of fiscal and monetary policies along with exchange-rate variation are examined, and their simultaneous use for stabilizing demand are found to be necessary. All household decisions on consumptions, savings, and financial disposition are conditioned by uncertainty, and similarly for firms, who make more complex simultaneous decisions on production, real investment, financing, and market strategy. The marginal efficiency-of-investment function derived from these decisions is fundamentally different from the marginal productivity of capital in the neoclassical sense. An economy which grows through the accumulation of capital, increase in labor supply, and technological progress is the framework in which all of these variables move. This codetermines the allocation of factors between domestic and international production, and the development of foreign trade. The growth both of the public debt and of international investment are treated in depth.