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Author: Dina Padalkina
Publisher: GRIN Verlag
ISBN: 3656159734
Category : Business & Economics
Languages : en
Pages : 57
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Book Description
Master's Thesis from the year 2012 in the subject Economics - Macro-economics, general, grade: excellent, Berlin School of Economics and Law, language: English, abstract: This paper examines an alternative strategy for sustainability and economic development based on de-growth assumptions. This concept is proposed by ecological economists, who consider there to be a natural limitation on economic growth, imposed by necessary environmental regulation. Moreover they oppose the neoclassical ideas, which are considered as pro growth theories, arguing that economic growth itself does not contribute to the social and economic development, therefore it should not be sustained. Accepting this proposition the author makes an attempt to verify the feasibility of a de-growth strategy for macroeconomic stability, applying a post-Keynesian methodology for analysis. The Kaleckian model is used as the basic approach to derive the model restrictions for the de-growth strategy that maintains macroeconomic stability. The findings of this paper will provide policy recommendations to sustain macroeconomic stability, while taking full account of the degrowth assumptions.
Author: Dina Padalkina
Publisher: GRIN Verlag
ISBN: 3656159734
Category : Business & Economics
Languages : en
Pages : 57
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Book Description
Master's Thesis from the year 2012 in the subject Economics - Macro-economics, general, grade: excellent, Berlin School of Economics and Law, language: English, abstract: This paper examines an alternative strategy for sustainability and economic development based on de-growth assumptions. This concept is proposed by ecological economists, who consider there to be a natural limitation on economic growth, imposed by necessary environmental regulation. Moreover they oppose the neoclassical ideas, which are considered as pro growth theories, arguing that economic growth itself does not contribute to the social and economic development, therefore it should not be sustained. Accepting this proposition the author makes an attempt to verify the feasibility of a de-growth strategy for macroeconomic stability, applying a post-Keynesian methodology for analysis. The Kaleckian model is used as the basic approach to derive the model restrictions for the de-growth strategy that maintains macroeconomic stability. The findings of this paper will provide policy recommendations to sustain macroeconomic stability, while taking full account of the degrowth assumptions.
Author: Filipe R. Campante
Publisher: LSE Press
ISBN: 1909890707
Category : Business & Economics
Languages : en
Pages : 420
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Book Description
Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is practiced. At the same time, doctoral-level textbooks are usually not targeted at a policy audience, making advanced macroeconomics less accessible to current and aspiring practitioners. This book, born out of the Masters course the authors taught for many years at the Harvard Kennedy School, fills this gap. It introduces the tools of dynamic optimization in the context of economic growth, and then applies them to a wide range of policy questions – ranging from pensions, consumption, investment and finance, to the most recent developments in fiscal and monetary policy. It does so with the requisite rigor, but also with a light touch, and an unyielding focus on their application to policy-making, as befits the authors’ own practical experience. Advanced Macroeconomics: An Easy Guide is bound to become a great resource for graduate and advanced undergraduate students, and practitioners alike.
Author: Mr.Alexei P Kireyev
Publisher: International Monetary Fund
ISBN: 1475589255
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
The paper presents a simple framework for the analysis of the macroeconomic implications of de-cashing. Defined as replacing paper currency with convertible deposits, de-cashing would affect all key macroeconomic sectors. The overall macreconomic impact of de-cashing would depend on the balance of growth-enhancing and growth-constraining factors. Starting from a traditional saving-investment balance, the paper develops a four-sector macroeconomic framework. It is purely illustrative and is designed to provide a roadmap for a systematic evaluation of de-cashing. The framework is disaggregated into the real, fiscal, monetary, and external sectors and potential implications of de-cashing are then identified in each sector. Finally, the paper draws a balance on possible positive and negative macroeconomic implications of de-cashing, and proposes policies capable of augmenting its economic and social benefits, while reducing potential costs.
Author: Maaike S. Oosterbaan
Publisher: Springer Science & Business Media
ISBN: 1461544831
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
Determinants of economic growth: An overview Thijs de Ruyter van Steveninck, Nico van der Windt, and Maaike Oosterbaan Netherlands Economic Institute What causes economic growth? Why have some countries grown much faster than others? Why do some countries not grow at all, or even experience negative (per capita) growth rates? What can governments do to raise the growth rates of their country? These questions were discussed at a conference on March 23 and 24, 1998, organized by the Netherlands Economic Institute (NEI) on behalf of the Netherlands Ministry of Foreign Affairs. This book contains the proceedings of the conference. Economic growth is widely considered as a necessary (though not sufficient) condition for poverty alleviation. During the past two decades, scholars and researchers have found a renewed interest in thinking about economic growth, and advances in the understanding of economic growth have taken place. On the one hand, the theoretical understanding of growth has progressed on various fronts, including endogenous technological innovation and increasing returns to scale; the interaction of population, fertility, human capital, and growth; international spill-overs in technology and capital accumulation; and the role of institutions. On the other hand, the increasing availability and use of data sets has given a large incentive to empirical research on cross-country growth, following the path-breaking work ofBarro (1991).
Author: Fernando de Holanda Barbosa
Publisher:
ISBN: 9783319921334
Category : Economic development
Languages : en
Pages :
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Book Description
Macroeconomics is the application of economic theory to the study of the economy?s growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact of market economies, since England?s nineteenth-century industrial revolution. Until then, poverty was a common good for humanity. Economic growth consists in the persistent, smooth and sustained increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon is the economic cycle. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level. Determination of the price level, or the value of money, is a fascinating subject in a fiat money economy.
Author: Mohan Munasinghe
Publisher: Edward Elgar Publishing
ISBN: 9781781958049
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
'The state-of-the-art studies in this volume are to be warmly welcomed. The authors successfully explore the economic, environmental and social consequences of policy-failures, and identify practical corrective measures.' - Charles Perrings, President, International Society for Ecological Economics (ISEE) Macroeconomic policies have come under justifiable scrutiny because of their powerful and pervasive impacts throughout the economy. This book examines the sustainability of growth-oriented macroeconomic strategies, starting from early ideas linking macroeconomic policies, growth and sustainability. A comprehensive and up-to-date literature review and theoretical framework are presented, including both macroeconomic and microeconomic analyses of the linkages between the economy and the environment.
Author: Dina Padalkina
Publisher: GRIN Verlag
ISBN: 365615970X
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
Master's Thesis from the year 2012 in the subject Economics - Macro-economics, general, grade: excellent, Berlin School of Economics and Law, language: English, abstract: This paper examines an alternative strategy for sustainability and economic development based on de-growth assumptions. This concept is proposed by ecological economists, who consider there to be a natural limitation on economic growth, imposed by necessary environmental regulation. Moreover they oppose the neoclassical ideas, which are considered as pro growth theories, arguing that economic growth itself does not contribute to the social and economic development, therefore it should not be sustained. Accepting this proposition the author makes an attempt to verify the feasibility of a de-growth strategy for macroeconomic stability, applying a post-Keynesian methodology for analysis. The Kaleckian model is used as the basic approach to derive the model restrictions for the de-growth strategy that maintains macroeconomic stability. The findings of this paper will provide policy recommendations to sustain macroeconomic stability, while taking full account of the degrowth assumptions.
Author: Olivier de la Grandville
Publisher: Cambridge University Press
ISBN: 0521898013
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
A fascinating introduction to the theory of economic growth that unifies the descriptive and normative strands of growth theory.
Author: Luiz Carlos Bresser-Pereira
Publisher: Routledge
ISBN: 1136664610
Category : Business & Economics
Languages : en
Pages : 241
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Book Description
Developmental Macroeconomics: Access to Demand, the Exchange Rate and Growth offers a new approach to development economics and macroeconomics. It is a Keynesian-structuralist approach to economics applied to middle income countries that emphasizes the strategic role of demand in creating investment opportunities that are essential to economic development. It also explores crucial links between short-term full employment and financial stability with medium term growth. While this book emphasizes the central role played by the exchange rate it does not ignore other macroeconomic prices (the interest rate, the inflation rate and the profit rate). It develops a group of concepts and models and blends them together in the model of the tendency to the cyclical overvaluation of the exchange rate in developing countries. According to this model, the exchange rate tends to be chronically overvalued. In so far that this is true the exchange rate ceases to be just a short-term problem to be treated by macroeconomics and becomes central to development economics and should be crucially oriented to manage the exchange rate and keep it competitive at the industrial equilibrium level. The book closes with the presentation of new developmentalism – a national development strategy based on the system of models previously discussed that is both an alternative to old national-developmentalism and to liberal orthodoxy or the Washington consensus.
Author: Stephen J. Purdey
Publisher: Routledge
ISBN: 113517900X
Category : Political Science
Languages : en
Pages : 425
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Book Description
The ubiquity of the commitment to economic growth, which Purdey refers to as the growth paradigm, is extraordinary. National governments around the world are seized of the same objective. Major international institutions such as the UN, the WTO, the World Bank, IMF and OECD, powerful international organizations such as regional trading blocs and multinational corporations – even civil societies of all kinds enthusiastically pursue a larger economic pie. This book examines the deep origins and rise to prominence of the commitment to economic growth. It explains why, despite the diversity of regime types, levels of development, cultures and other divisions typical of international relations, all major actors in the modern global polity pursue an identical political priority. Purdey critically examines the growth paradigm highlighting its normative foundations and its environmental impact, especially climate change. Using a neo-Gramscian approach, Purdey re-engages the ‘limits to growth’ controversy, identifying the commitment to growth as a form of utopianism that is as dangerous as it is seductive. By illuminating and interrogating the history, politics and morality of the growth paradigm, this book shifts the terrain of the limits debate from instrumental to ethical considerations. It will be of interest to students and scholars of political economy, international relations, environmental studies and ethics.
