Author: Mark L. Gertler
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
Book Description
Long-term Contracts, Imperfect Information, and Monetary Policy
Author: Mark L. Gertler
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
Book Description
Handbook of Macroeconomics
Author: John B. Taylor
Publisher: Elsevier
ISBN: 9780444501578
Category : Business & Economics
Languages : en
Pages : 576
Book Description
Annotation Part 6: Financial Markets and the Macroeconomy. 19. Asset prices, consumption, and the business cycle (J.Y. Campbell). 20. Human behavior and the efficiency of the financial system (R.J. Shiller). 21. The financial accelerator in a quantitative business cycle framework (B. Bernanke, M. Gertler and S. Gilchrist). Part 7: Monetary and Fiscal Policy. 22. Political economics and macroeconomic policy (T. Persson, G. Tabellini). 23. Issues in the design of monetary policy rules (B.T. McCallum). 24. Inflation stabilization and BOP crises in developing countries (G.A. Calvo, C.A. Vegh). 25. Government debt (D.W. Elmendorf, N.G. Mankiw). 26. Optimal fiscal and monetary policy (V.V. Chari, P.J. Kehoe).
Publisher: Elsevier
ISBN: 9780444501578
Category : Business & Economics
Languages : en
Pages : 576
Book Description
Annotation Part 6: Financial Markets and the Macroeconomy. 19. Asset prices, consumption, and the business cycle (J.Y. Campbell). 20. Human behavior and the efficiency of the financial system (R.J. Shiller). 21. The financial accelerator in a quantitative business cycle framework (B. Bernanke, M. Gertler and S. Gilchrist). Part 7: Monetary and Fiscal Policy. 22. Political economics and macroeconomic policy (T. Persson, G. Tabellini). 23. Issues in the design of monetary policy rules (B.T. McCallum). 24. Inflation stabilization and BOP crises in developing countries (G.A. Calvo, C.A. Vegh). 25. Government debt (D.W. Elmendorf, N.G. Mankiw). 26. Optimal fiscal and monetary policy (V.V. Chari, P.J. Kehoe).
Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics
Author: Kiyohiko G. Nishimura
Publisher: Oxford University Press
ISBN: 9780198290391
Category : Business & Economics
Languages : en
Pages : 250
Book Description
This volume links a microeconomic model of imperfectly informed firms and unions in monopolistic competition to a general theory of wage- and price-setting in a macroeconomic model. The analysis is based on a profit maximization and rational behaviour and is thus in line with the newly emerged New Keynesian approach in its emphasis on the microeconomic foundation of macroeconomics. The volume goes on to explain three stylized facts in macroeconomics: nominal rigidity, real rigidity, and cost-oriented prices, presented in a coherent New Keynesian framework. The analysis also provides new insight into the role of competition in an economy with imperfectly and differentially informed firms. It shows that increased competition may increase nominal as well as real price rigidity and increased volatility of investment.
Publisher: Oxford University Press
ISBN: 9780198290391
Category : Business & Economics
Languages : en
Pages : 250
Book Description
This volume links a microeconomic model of imperfectly informed firms and unions in monopolistic competition to a general theory of wage- and price-setting in a macroeconomic model. The analysis is based on a profit maximization and rational behaviour and is thus in line with the newly emerged New Keynesian approach in its emphasis on the microeconomic foundation of macroeconomics. The volume goes on to explain three stylized facts in macroeconomics: nominal rigidity, real rigidity, and cost-oriented prices, presented in a coherent New Keynesian framework. The analysis also provides new insight into the role of competition in an economy with imperfectly and differentially informed firms. It shows that increased competition may increase nominal as well as real price rigidity and increased volatility of investment.
Macroeconomics
Author: N. Gregory Mankiw
Publisher: Macmillan
ISBN: 9780716752370
Category : Business & Economics
Languages : en
Pages : 600
Book Description
The fifth edition of the #1 bestselling intermediate macroeconomics text, with coverage based on the most recent data available, plus new student media resources.
Publisher: Macmillan
ISBN: 9780716752370
Category : Business & Economics
Languages : en
Pages : 600
Book Description
The fifth edition of the #1 bestselling intermediate macroeconomics text, with coverage based on the most recent data available, plus new student media resources.
Economics as a Process
Author: Richard Langlois
Publisher: CUP Archive
ISBN: 9780521378598
Category : Business & Economics
Languages : en
Pages : 292
Book Description
Consists of original and rev. versions of papers presented at a conference at Airlie House in Virginia, Mar. 1983. Includes bibliographies and index.
Publisher: CUP Archive
ISBN: 9780521378598
Category : Business & Economics
Languages : en
Pages : 292
Book Description
Consists of original and rev. versions of papers presented at a conference at Airlie House in Virginia, Mar. 1983. Includes bibliographies and index.
Understanding the Use of Long-term Finance in Developing Economies
Author: Mr.Maria Soledad Martinez Peria
Publisher: International Monetary Fund
ISBN: 1475595751
Category : Business & Economics
Languages : en
Pages : 28
Book Description
This short paper reviews recent literature on the use of long-term finance in developing economies (relative to advanced ones) to identify where long-term financing occurs, and what role different financial intermediaries and markets play in extending this type of financing. Although banks are the most important providers of credit, they do not seem to offer long-term financing. Capital markets have grown since the 1990s and can provide financing at fairly long terms. But few firms use these markets. Only some institutional investors provide funding at long-term maturities. Governments might help to expand long-term financing, although with limited policy tools.
Publisher: International Monetary Fund
ISBN: 1475595751
Category : Business & Economics
Languages : en
Pages : 28
Book Description
This short paper reviews recent literature on the use of long-term finance in developing economies (relative to advanced ones) to identify where long-term financing occurs, and what role different financial intermediaries and markets play in extending this type of financing. Although banks are the most important providers of credit, they do not seem to offer long-term financing. Capital markets have grown since the 1990s and can provide financing at fairly long terms. But few firms use these markets. Only some institutional investors provide funding at long-term maturities. Governments might help to expand long-term financing, although with limited policy tools.
Journal of Economic Dynamics & Control
Author:
Publisher:
ISBN:
Category : Control theory
Languages : en
Pages : 440
Book Description
Publisher:
ISBN:
Category : Control theory
Languages : en
Pages : 440
Book Description
Economic Policy Frameworks Revisited
Author: Cesare Imbriani
Publisher: Springer Nature
ISBN: 3031365186
Category :
Languages : en
Pages : 238
Book Description
Publisher: Springer Nature
ISBN: 3031365186
Category :
Languages : en
Pages : 238
Book Description
Independent Energy Regulation in a Developing Economy
Author: Sudha Mahalingam
Publisher: Springer Nature
ISBN: 9819943981
Category :
Languages : en
Pages : 160
Book Description
Publisher: Springer Nature
ISBN: 9819943981
Category :
Languages : en
Pages : 160
Book Description
The Natural-rate Hypothesis, the Rational-expectations Hypothesis, and the Remarkable Survival of Non-market-clearing Assumptions
Author: Herschel Ivan Grossman
Publisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 42
Book Description
Non-market-clearing models continue to dominate analysis of macroeconomic fluctuations and discussions of macroeconomic policy. This situation is remarkable because non-market-clearing assumptions seem to be inconsistent with the essential presumption of neoclassical economic analysis that market outcomes exhaust opportunities for mutually advantageous exchange. Non-market-clearing models apparently have survived because they have evolved to incorporate both the natural-rate hypothesis and the rational-expectations hypothesis and because the alternative "equilibrium" approach has failed empirically. This paper expands on these ideas and briefly discusses some of the problems that we face in attempting to evaluate empirically the recent vintage of non-market-clearing models. The main difficulties seem to involve accounting for shifts in the natural levels of real aggregates and specifying the timing of the past anticipations that determine the effects of current monetary policy
Publisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 42
Book Description
Non-market-clearing models continue to dominate analysis of macroeconomic fluctuations and discussions of macroeconomic policy. This situation is remarkable because non-market-clearing assumptions seem to be inconsistent with the essential presumption of neoclassical economic analysis that market outcomes exhaust opportunities for mutually advantageous exchange. Non-market-clearing models apparently have survived because they have evolved to incorporate both the natural-rate hypothesis and the rational-expectations hypothesis and because the alternative "equilibrium" approach has failed empirically. This paper expands on these ideas and briefly discusses some of the problems that we face in attempting to evaluate empirically the recent vintage of non-market-clearing models. The main difficulties seem to involve accounting for shifts in the natural levels of real aggregates and specifying the timing of the past anticipations that determine the effects of current monetary policy