Essays on Imperfect Competition Endogenous Growth and Endogenous Business Cycles

Essays on Imperfect Competition Endogenous Growth and Endogenous Business Cycles PDF Author: Pengfei Wang
Publisher:
ISBN:
Category :
Languages : en
Pages : 248

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Book Description

Essays on Imperfect Competition Endogenous Growth and Endogenous Business Cycles

Essays on Imperfect Competition Endogenous Growth and Endogenous Business Cycles PDF Author: Pengfei Wang
Publisher:
ISBN:
Category :
Languages : en
Pages : 248

Get Book Here

Book Description


Economic Dynamics, Trade and Growth

Economic Dynamics, Trade and Growth PDF Author: A.P. Thirlwall
Publisher: Springer
ISBN: 134926931X
Category : Business & Economics
Languages : en
Pages : 325

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Book Description
Sir Roy Harrod was one of the foremost economists of the twentieth century who made pioneering contributions in several branches of economics including: trade cycle theory; growth theory; trade theory; monetary economics; imperfect competition theory, and methodology. This volume arises out of a conference to celebrate the sixtieth anniversary of the publication of his book The Trade Cycle in 1936. After an introductory essay by Walter Eltis, a student of Harrod, this volume contains important essays on the interpretation of Harrod's work in the field of economic dynamics by Danial Besomi and Maurizio Pugno, and in the field of trade and growth by Tony Thirlwall, John McCombie and Luca Bendictis. Finally, Warren Young, in the process of writing Harrod's biography, uses correspondence between Harrod and Haberler to elucidate Harrod's views on trade theory, international monetary reform and inflation.

Hysteresis and Business Cycles

Hysteresis and Business Cycles PDF Author: Ms.Valerie Cerra
Publisher: International Monetary Fund
ISBN: 1513536990
Category : Business & Economics
Languages : en
Pages : 50

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Book Description
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.

The Theory of Money and Financial Institutions

The Theory of Money and Financial Institutions PDF Author: Martin Shubik
Publisher: MIT Press
ISBN: 9780262693110
Category : Business & Economics
Languages : en
Pages : 472

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Book Description
This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

Handbook of Economic Growth

Handbook of Economic Growth PDF Author: Philippe Aghion
Publisher:
ISBN: 9780444535467
Category : Economic development
Languages : en
Pages :

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Book Description
"The Handbook of Economic Growth provides a broad review of the research topics, empirical findings, and methods that comprise modern growth economics. The chapters, written by research leaders, summarize and evaluate recent advances while explaining where further research might be profitable. With analyses that are provocative and controversial because they are so directly relevant to public policy and private decision-making, volume 2A and 2B upholds the standard for excellence in applied economics set by Volumes 1A and 1B (2005). It offers definitive theoretical and empirical scholarship about growth economics. It presents as a guiding principle the search for a theoretical framework consistent with the theories and data that describe growth economics. It familiarizes readers with common empirical methods and empirical results"--provided by publisher.

Essays in Contemporary Fields of Economics

Essays in Contemporary Fields of Economics PDF Author: George Horwich
Publisher: Purdue University Press
ISBN: 9780911198591
Category : Business & Economics
Languages : en
Pages : 396

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Book Description
This volume honors Emanuel T. Weiler, the founder and first dean of Purdue University's School of Management and of the Krannert Graduate School of Management. Beginning in the mid-1950s, Weiler created a unique academic environment within which innovative and lasting contributions were made to both the teaching and content of economics and management. Members of the original economics faculty recruited by Weiler as well as several of their students wrote this collection of essays. All but one of the papers were prepared expressly for the volume and have not been published previously. The essays cover diverse areas which evolved from Weiler's leadership. The work has four major topical divisions (Economic Theory, Applied Economics, Macroeconomics, and Economics Education) plus a section of four memoirs.

Endogenous Growth in Historical Perspective

Endogenous Growth in Historical Perspective PDF Author: Ramesh Chandra
Publisher: Springer Nature
ISBN: 3030837610
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
In recent decades, new endogenous growth theory has become popular but the ideas are not new. They go back at least as far as Adam Smith, and the subsequent contributions made notably by Alfred Marshall and Allyn Young. This book critically discusses and provides an historical perspective to the entire spectrum of endogenous growth theories starting with Adam Smith and ending with Paul Romer. It fills an important gap in the literature. While contributions of individual authors are readily available, there is no comprehensive study on the subject covering such a vast ground, critically discussing these authors in a comprehensive framework. It collates all the arguments and economic viewpoints in one collection, providing both the seasoned economist and a graduate economist with a critical comparison of origin, mechanisms, conclusions, and policy implications of these models.

New Developments in Productivity Analysis

New Developments in Productivity Analysis PDF Author: Charles R. Hulten
Publisher: University of Chicago Press
ISBN: 0226360644
Category : Medical
Languages : en
Pages : 648

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Book Description
The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.

The Monopolistic Competition Revolution in Retrospect

The Monopolistic Competition Revolution in Retrospect PDF Author: Steven Brakman
Publisher: Cambridge University Press
ISBN: 9781107402430
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Avinash Dixit and Joseph Stiglitz revolutionized the modelling of imperfectly competitive markets and launched "the second monopolistic competition revolution". Experts in the areas of macroeconomics, international trade theory, economic geography, and international growth theory examine the success of the second revolution in this collection of papers. They reveal what appears to be "missing" and look forward to the next step in the modelling of imperfectly competitive markets. The text includes a comprehensive survey of the two monopolistic competition revolutions, and previously unpublished working papers by Dixit and Stiglitz that led to their famous 1977 paper.

The Monopolistic Competition Revolution in Retrospect

The Monopolistic Competition Revolution in Retrospect PDF Author: Steven Brakman
Publisher: Cambridge University Press
ISBN: 1139438468
Category : Business & Economics
Languages : en
Pages : 511

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Book Description
In 1977 Dixit and Stiglitz revolutionized the modeling of imperfectly competitive markets, launching the second monopolistic competition revolution. This 2003 text includes a comprehensive survey of both monopolistic competition revolutions, and previously unpublished working papers by Dixit and Stiglitz that led to their famous 1977 paper.