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Author: Greene Joshua E
Publisher: World Scientific
ISBN: 9813223847
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
This book provides a systematic approach to analyzing macroeconomic developments, focusing on macroeconomic accounts, analysis, and the effects of selected policies on a nation's economy. The first part of the book describes the data, accounts, and analysis of the four main macroeconomic sectors — real, external, fiscal, and monetary — and discusses the accounting and economic relations among these sectors, using a flow of funds approach. Key indicators are presented for each sector and used to show how macroeconomic developments can be assessed and problems identified. The second part of the book discusses fiscal, monetary, and exchange rate policy and their economic implications. These policies, along with selected structural reforms, are compared along several dimensions and shown how they can be used, in various combinations or individually, to address a variety of macroeconomic difficulties. Contents: PrefaceMacroeconomic Accounts and Analysis: Introduction to Macroeconomic Accounts, Analysis, and Related Policy IssuesReal Sector Accounts and AnalysisExternal Sector Accounts and AnalysisFiscal Sector Accounts and AnalysisMonetary Sector Accounts and AnalysisInterrelations among Macroeconomic Sectors and the Flow of FundsMacroeconomic Policies and Their Application: Fiscal PolicyMonetary PolicyExchange Rate PolicyUsing Macroeconomic and Structural Policies to Attain Macroeconomic Objectives Readership: Students, researchers and academics studying or teaching macroeconomics. Keywords: Macroeconomics;Macroeconomic Data;Macroeconomic Policy;Macroeconomic Objectives;Macroeconomic Accounts;Macroeconomic and Structural PoliciesReview: Key Features: Unique treatment of the subject: focus on accounts, indicators, and data, rather than theory. The only similar book is about 20 years oldThe information presented enables readers to identify important developments and problems in national economies, without the need to make economic forecasts. This distinguishes this book from books on financial programmingThe coverage of macroeconomic policies allows readers to suggest ways of responding to macroeconomic developments and difficulties through combinations of fiscal, monetary, exchange rate, and structural economic policies
Author: Greene Joshua E
Publisher: World Scientific
ISBN: 9813223847
Category : Business & Economics
Languages : en
Pages : 244
Get Book
Book Description
This book provides a systematic approach to analyzing macroeconomic developments, focusing on macroeconomic accounts, analysis, and the effects of selected policies on a nation's economy. The first part of the book describes the data, accounts, and analysis of the four main macroeconomic sectors — real, external, fiscal, and monetary — and discusses the accounting and economic relations among these sectors, using a flow of funds approach. Key indicators are presented for each sector and used to show how macroeconomic developments can be assessed and problems identified. The second part of the book discusses fiscal, monetary, and exchange rate policy and their economic implications. These policies, along with selected structural reforms, are compared along several dimensions and shown how they can be used, in various combinations or individually, to address a variety of macroeconomic difficulties. Contents: PrefaceMacroeconomic Accounts and Analysis: Introduction to Macroeconomic Accounts, Analysis, and Related Policy IssuesReal Sector Accounts and AnalysisExternal Sector Accounts and AnalysisFiscal Sector Accounts and AnalysisMonetary Sector Accounts and AnalysisInterrelations among Macroeconomic Sectors and the Flow of FundsMacroeconomic Policies and Their Application: Fiscal PolicyMonetary PolicyExchange Rate PolicyUsing Macroeconomic and Structural Policies to Attain Macroeconomic Objectives Readership: Students, researchers and academics studying or teaching macroeconomics. Keywords: Macroeconomics;Macroeconomic Data;Macroeconomic Policy;Macroeconomic Objectives;Macroeconomic Accounts;Macroeconomic and Structural PoliciesReview: Key Features: Unique treatment of the subject: focus on accounts, indicators, and data, rather than theory. The only similar book is about 20 years oldThe information presented enables readers to identify important developments and problems in national economies, without the need to make economic forecasts. This distinguishes this book from books on financial programmingThe coverage of macroeconomic policies allows readers to suggest ways of responding to macroeconomic developments and difficulties through combinations of fiscal, monetary, exchange rate, and structural economic policies
Author: Richard Bolt
Publisher:
ISBN: 9789715614917
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
This study provides a systematic approach to the key dimensions of analysis in support of policy-based operations. Concepts presented include understanding the macroeconomic context of sector policy reforms using a macro-meso-micro perspective, using dimensions of sector diagnosis to identify sequential binding constraints to development in a prevailing policy and institutional environment, and assessing the effects of policy change. Also included are examples of measuring the costs of policy change and lessons from incorporating policy change assessments into policy operation design.
Author: Andrea Carrera
Publisher: Routledge
ISBN: 1351213342
Category : Business & Economics
Languages : en
Pages : 174
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Book Description
Based on the observation of economic reality, this book provides for the foundations of a new structure of national payment systems. Specifically, to this end, a rigorous accounting for money transactions, savings, and invested profit is suggested, with a major aim to settle sustainable lending levels. Profit lies at the heart of economic activities. Indeed, companies, from small to large, seek net gains to remunerate shareholders and to increase their assets. Yet, economists are far from sharing a common theory of profit. Using mathematical tools and a discursive approach, this book contributes to the debates in such regard, in the attempt to provide new answers to old economic issues. What is macroeconomic profit? Is there any relationship between wages, lending, and profit? This book is an accesible resource for economists and financial experts as well as global economics students, researchers, academics and historians alike. It will challenge policy-makers and professionals and lead them on a thought-provoking journey through the realm of macroeconomics.
Author: Farrokh Langdana
Publisher: Springer
ISBN: 9781441945969
Category : Business & Economics
Languages : en
Pages : 288
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Book Description
This is an applications-oriented text that demystifies the linkages between monetary and fiscal policies and key macroeconomic variables such as income, unemployment, inflation and interest rates. Specially written "newspaper" articles simulate current macroeconomic news on asset-price bubbles, exchange rates, hyperinflation and more. Exercises and diagrams, and a global perspective – incorporating both developed and emerging economies - make this a broadly useful, real-world oriented text on a complex and shifting subject.
Author: Stephen J. Turnovsky
Publisher: CUP Archive
ISBN: 9780521215206
Category : Business & Economics
Languages : en
Pages : 416
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Book Description
The main focus of this book is the construction and analysis of an integrated macroeconomic model.
Author: Jesper Jespersen
Publisher: Edward Elgar Publishing
ISBN: 1849802122
Category : Business & Economics
Languages : en
Pages : 273
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Book Description
Methodological practice is at the heart of divisions between schools of macroeconomic thought. Jesper Jespersen s book explains why and precisely how, and gives the reader the insight to choose between rival approaches. His own inspiration comes from Critical Realism and Popper s Three World analysis, with Keynes as the main exponent of a realist approach. The starting point of realist theory is a view of how the world is, rather than axioms, and the test is whether the theory can make, as Jespersen puts it, the round trip back to reality , to give practical guidance to policy. This is only the focal point of a rich and attractive canvas. How I wish this book had been available when I taught methodology! And how I wish economists from all schools of thought would read it! Victoria Chick, University College London, UK This welcome volume by Jesper Jespersen offers an up-to-date realist approach to macroeconomics, drawing on recent developments in methodology, notably critical realism, as well as earlier Popperian ideas. He shows how economics in the Post-Keynesian tradition, using this approach, can address the important macro policy issues, and sets out a seven-point agenda for future theory development. This book provides an important launching-off point for addressing macroeconomic questions without the need for the abstractions as narrowly rational representative agents. Rather Jespersen explores the interdependencies between the macro and micro levels in real economic processes under conditions of uncertain knowledge. Sheila Dow, University of Stirling, UK Jesper Jespersen presents a treatise on the importance of the choice of methodology within macroeconomics. Given that no scientifically based macroeconomic policy recommendation should be established without an evaluation of the methods employed, this book gives a clear exposition of how proper macroeconomic analysis should be undertaken. Furthermore, it is convincingly argued that one of the lasting contributions of John Maynard Keynes was his emphasis on methodology; that macroeconomic consequences of uncertainty could not be analysed within the established general equilibrium framework. It is due to post-Keynesian economics supported by critical realism that the understanding of Keynes s methodology has been resurrected, which has eventually resulted in renewed debate on realistic macroeconomic policies to restore full employment without inflation. Macroeconomic Methodology is an inquiry into the question of how to conduct a proper scientific analysis of uncertainty within macroeconomics. It will be of great interest to scholars of the philosophy of social sciences and methodology, as well as post-Keynesian and heterodox economists.
Author: Ric D. Herbert
Publisher: Springer Science & Business Media
ISBN: 1461555833
Category : Business & Economics
Languages : en
Pages : 329
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Book Description
Observers and Macroeconomic Systems is concerned with the computational aspects of using a control-theoretic approach to the analysis of dynamic macroeconomic systems. The focus is on using a separate model for the development of the control policies. In particular, it uses the observer-based approach whereby the separate model learns to behave in a similar manner to the economic system through output-injections. The book shows how this approach can be used to learn the forward-looking behaviour of economic actors which is a distinguishing feature of dynamic macroeconomic models. It also shows how it can be used in conjunction with low-order models to undertake policy analysis with a large practical econometric model. This overcomes some of the computational problems arising from using just the large econometric models to compute optimal policy trajectories. The work also develops visual simulation software tools that can be used for policy analysis with dynamic macroeconomic systems.
Author: Rafael Yanushevsky
Publisher: Academic Press
ISBN: 0128156333
Category : Business & Economics
Languages : en
Pages : 230
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Book Description
Applied Macroeconomics for Public Policy applies system and control theory approaches to macroeconomic problems. The book shows how to build simple and efficient macroeconomic models for policy analysis. By using these models, instead of complex multi-criteria models with uncertain parameters, readers will gain new certainty in macroeconomic decision-making. As high debt to GDP ratios cause problems in societies, this book provides insights on improving economies during and after economic downturns. Provides a detailed analysis of existing macroeconomic models Addresses the dynamics of debt to GDP ratio and the effects of fiscal and monetary policy on this ratio Shows how to use models to evaluate the dynamics of the debt to GDP ratio in cases of government spending and tax cuts and to decide whether such economic measures are efficient Uses optimal theory to obtain optimal yearly debt levels to reach the established goals (decrease debt or balance budget) Provides many examples and software exercises to promote learning by doing
Author: Wendy Carlin
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 866
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Book Description
This volume provides a unified framework for the analysis of short- and medium-run macroeconomics. It develops a core New Keynesian macro model based on imperfect competition and nominal rigidities and shows how this compares with alternatives.
Author: Allan Drazen
Publisher: Princeton University Press
ISBN: 0691188009
Category : Business & Economics
Languages : en
Pages : 775
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Book Description
Originally, economics was called political economy, and those studying it readily accepted that economic decisions are made in a political world. But economics eventually separated itself from politics to pursue rigorous methods of analyzing individual behavior and markets. Recently, an increasing number of economists have turned their attention to the old question of how politics shape economic outcomes. To date, however, this growing literature has lacked a cogent organization and a unified approach. Here, in the first full-length examination of how political forces affect economic policy decisions, Allan Drazen provides a systematic treatment, organizing the increasingly influential "new political economy" as a more established field at the highly productive intersection of economics and political science. Although he provides an extraordinarily helpful guide to the recent explosion of papers on political economy in macroeconomics, Drazen moves far beyond survey, giving definition and structure to the field. He proposes that conflict or heterogeneity of interests should be the field's essential organizing principle, because political questions arise only when people disagree over which economic policies should be enacted or how economic costs and benefits should be distributed. Further, he illustrates how heterogeneity of interests is crucial in every part of political economy. Drazen's approach allows innovative treatment--using rigorous economic models--of public goods and finance, economic growth, the open economy, economic transition, political business cycles, and all of the traditional topics of macroeconomics. This major text will have an enormous impact on students and professionals in political science as well as economics, redefining how decision makers on several continents think about the full range of macroeconomic issues and informing the approaches of the next generation of economists.
