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Author: David H. Howard
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 170
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Book Description
Author: David H. Howard
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 170
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Book Description
Author: C.M. Davis
Publisher: Springer Science & Business Media
ISBN: 9400908237
Category : Business & Economics
Languages : en
Pages : 504
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Book Description
The centrally planned economies (CPEs) of the Soviet Union and Eastern Europe have experienced severe imbalances in domestic and external markets over the past several decades. As a result, they have been chronically afflicted by problems such as excess demand, repressed inflation, deficits of commodities, queues, waiting lists, and forced savings. Economists have responded to these phenomena by developing appropriate theoretical and empirical models of CPEs. Of particular note have been the pioneering studies of Richard Portes on disequilibrium econometric models and Janos Kornai on the shortage economy. Each approach has attracted followers who have produced numerous, innovative macro- and microeconomic models of Poland, Czechoslovakia, the German Democratic Republic, Hungary, and the USSR. These models have proved to be of considerable value in the analysis of the causes, consequences and remedies of disequilibrium phenomena. Inevitably, the new research has also generated controversies both between and within the schools of shortage and disequilibrium modelling, concerning the fundamental nature of the socialist economy, theoretical concepts and definitions, the specification of models, estimation techniques, interpretation of empirical findings, and policy recommend ations. Furthermore, the research effort has been energetic but incomplete, so many gaps exist in the field.
Author: Giancarlo Gandolfo
Publisher:
ISBN: 9783642954603
Category :
Languages : en
Pages : 184
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Book Description
Author: Jean-Pascal Benassy
Publisher: Academic Press
ISBN: 1483259927
Category : Political Science
Languages : en
Pages : 265
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Book Description
"Macroeconomics" builds a number of macroeconomic models applying the non-Walrasian methodology. The literature on the subject has grown so rapidly in recent years that it would be unreasonable to try to give an exhaustive account of all existing models in the field. We have thus chosen to present here some models that cover as large a number of questions as possible within a simple and unified framework. We also want to bridge the gap with traditional macroeconomics while extending the analysis on various points, which be investigated by purposely making each time the simplest possible assumptions about the formation of the various prices (or, when needed, expectations) involved. This will allow us to demonstrate in a straightforward manner the synthetic qualities of the theory, both by making a natural synthesis with traditional macroeconomics, where similar simple assumptions are made, and by treating a large number of topics while using throughout a very unified macroframework.
Author: Wladimir Andreff
Publisher: Edward Elgar Publishing
ISBN: 1783479361
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 272
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Book Description
For decades, sports economics has been set within the framework of equilibrium economics, in particular when modelling team sport leagues. Based on a conviction that this does not reflect real life, this book addresses a gap in the literature and opens up a new research area by applying concepts drawn from disequilibrium economics. It is divided into two parts, the first of which focuses on economic disequilibrium in sports markets and competitive imbalance in sporting contests. The second part concentrates on soft budget constraints and their consequences for club governance and management.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451965591
Category : Business & Economics
Languages : en
Pages : 28
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Book Description
This paper analyzes the inflationary process in a centrally planned economy which has an uncontrolled market where prices can move more freely. The maintenance of controls over prices and rationing in the economy leads to the emergence of forces that generate inflation in the uncontrolled market, and that cause shrinkage of the controlled economy as resources move into the uncontrolled market. Decontrol of prices and production of the controlled market is the optimal policy. The adoption of this policy facilitates an increase in income and aggregate demand, which raises the equilibrium prices and total production in the economy.
Author: P. Jean-Jacques Herings
Publisher: Springer Science & Business Media
ISBN: 1461562511
Category : Business & Economics
Languages : en
Pages : 509
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Book Description
Mathematical economics uses mathematical tools and reasoning to describe and explain economic reality. At the core of mathematical economics is general equilibrium theory. Static and Dynamic Aspects of General Disequilibrium Theory describes and analyses various general equilibrium models, treating theory from an axiomatic point of view, which may lead to a deeper understanding of problems, may help to avoid incorrect reasoning, and may improve communication within the economic science. This volume consists of four parts, each of which is self-contained. Part I deals with the mathematical and economic preliminaries. Part II considers the static aspects of disequilibrium theory. Part III determines price rigidities endogenously. Finally, Part IV deals with dynamic aspects of disequilibrium theory.
Author: P.T. Wanless
Publisher: Routledge
ISBN: 1351107194
Category : Business & Economics
Languages : en
Pages : 154
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Book Description
Economists studying comparative economic systems have generally neglected the important question of taxation in socialist countries. This is somewhat surprising since taxation plays an important role in the regulation of economic activity in these countries. This book, first published in 1985, aims to restore the study of taxation to its rightful role in comparative economic studies. It stresses the importance of taxation and the state budget and argues that these are tools of economic policy which complement central economic planning.
Author: Bert G Hickman
Publisher: World Scientific
ISBN: 981449707X
Category : Business & Economics
Languages : en
Pages : 364
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Book Description
This book covers two years of research activities associated with Project LINK, which is based on a model of the world economy, covering 79 countries or regional groupings of countries. Papers dealing with interesting thematic issues were carefully selected and expanded into full articles. The subjects studied by various LINK participants for reporting at annual meetings include exchange rate systems, international investment, environmental protection, international economic institutions, LINK system improvements, and international economic policy. As always, there are contributions dealing with methodological advances for world modeling. Contents:European Issues:The Implications of a Single European Currency and Monetary Policy: Prospects and Policy Issues (N C Garganas)The Degree of Convergence Within the EMS (S G Hall et al.)Is the Bundesbank Different from Other Central Banks? (M Funke & S G Hall)Testing for Purchasing Power Parity and Interest Rate Parities on Norwegian Data (A S Jore et al.)Large Econometric Models for the Period of Transition (The Polish Case) (W Welfe)Environmental Issues:International Aspects of Carbon Taxation (R K Kaufmann & P Pauly)Long-Term Impacts of Carbon Taxes on Global Environment and Growth (S Shishido)Macroeconomic Impacts of CO2 Reduction Policies (H Glueck & S P Schleicher)Development Economics:Industrial Policy in Korea: Past Experiences and Future Directions (O-S Hyun)The Pursuit of New Economic Diplomacy: Economic Cooperation Between Korea and Russia (O-S Hyun)South–North Investment by Developing Countries in the EC: A Sign of the Emergence of New Investors (S Page)Economic Cooperation in Asia: NIEs and ASEAN (M Toida)Statistical and Econometric Methodology:The Treatment of Expectations Effects in Large Scale Models (S G Hall & A Garratt)Some Comments and Proposals on the Statistical Infrastructure and Regional Information System for the Black Sea Economic Cooperation (BSEC) Countries (O Güvenen)A Monthly Econometric Model for Turkey, January 1981 – June 1991 (S Özmucur)SAM-Based Short-Term Forecasting Model for a Small Developing Oil Economy: The Congo (J K Thisen)Pricing to Market: Exploring New Export Price Equations for the LINK Model (B Gangnes et al.) Readership: Economists, bankers and economic policy makers. keywords:
Author: W. Driehuis
Publisher: Elsevier
ISBN: 148329451X
Category : Business & Economics
Languages : en
Pages : 500
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Book Description
This book collects the revised and edited proceedings of the conference held in honour of the 50th anniversary of Professor Tinbergen's first macroeconomic policy model. Written by experts both in the field of model building and policy analysis, the contributions provide an invaluable overview of the state of the art and the use of macroeconomic models in our time.
