The Open Economy Macromodel: Past, Present and Future

The Open Economy Macromodel: Past, Present and Future PDF Author: Arie Arnon
Publisher: Springer Science & Business Media
ISBN: 1461510759
Category : Business & Economics
Languages : en
Pages : 347

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Book Description
The impetus for the conference that was the basis for this volume emanated from the influence of two brilliant minds-Egon Sohmen and Adam Klug, who both died at an early age, leaving their families and the professions of economics and economic history with major voids. In the course of research on the origins of Open Economy Macroeconomics, the significant contributions of Egon Sohmen came to the fore. After correspondence with some of those involved in the early development of the Open Economy Macromodel, we turned to Adam Klug for his views on the matter-as he had dealt with the history of intertemporal trade models in his Ph. D. thesis. And it was Adam who suggested the idea of a conference bringing together economists and economic historians. At this point we want to acknowledge the very generous grant from the Egon Sohmen Foundation and the active participation of Dr. Helmut Sohmen and Mrs. Renee Sohmen at the conference. We also want to thank Prof. Sir Aaron Klug, Nobel Laureate, and the Klug family for their support and the financial contribution of the Adam Klug Memorial Lecture Fund at Ben Gurion University. Other institutions that contributed to the conference were the Gianni Foundation; Bank of Israel; University of North Carolina; Department of Economics, Faculty of Social Science and Aharon Meir Center for Banking, Bar Ilan University; Department of Economics and Faculty of Social Science, Ben-Gurion University of the Negev.

The Open Economy Macromodel: Past, Present and Future

The Open Economy Macromodel: Past, Present and Future PDF Author: Arie Arnon
Publisher: Springer Science & Business Media
ISBN: 1461510759
Category : Business & Economics
Languages : en
Pages : 347

Get Book Here

Book Description
The impetus for the conference that was the basis for this volume emanated from the influence of two brilliant minds-Egon Sohmen and Adam Klug, who both died at an early age, leaving their families and the professions of economics and economic history with major voids. In the course of research on the origins of Open Economy Macroeconomics, the significant contributions of Egon Sohmen came to the fore. After correspondence with some of those involved in the early development of the Open Economy Macromodel, we turned to Adam Klug for his views on the matter-as he had dealt with the history of intertemporal trade models in his Ph. D. thesis. And it was Adam who suggested the idea of a conference bringing together economists and economic historians. At this point we want to acknowledge the very generous grant from the Egon Sohmen Foundation and the active participation of Dr. Helmut Sohmen and Mrs. Renee Sohmen at the conference. We also want to thank Prof. Sir Aaron Klug, Nobel Laureate, and the Klug family for their support and the financial contribution of the Adam Klug Memorial Lecture Fund at Ben Gurion University. Other institutions that contributed to the conference were the Gianni Foundation; Bank of Israel; University of North Carolina; Department of Economics, Faculty of Social Science and Aharon Meir Center for Banking, Bar Ilan University; Department of Economics and Faculty of Social Science, Ben-Gurion University of the Negev.

Haberler versus Nurkse

Haberler versus Nurkse PDF Author: Harold James
Publisher:
ISBN:
Category :
Languages : en
Pages : 36

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Book Description


A New-Open-Economy Macro Model for Fiscal Policy Evaluation

A New-Open-Economy Macro Model for Fiscal Policy Evaluation PDF Author: Dennis P. J. Botman
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451863055
Category :
Languages : en
Pages : 46

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Book Description
We develop a New-Open-Economy-Macro model in which Ricardian equivalence does not hold because of (i) distortionary labor and corporate income taxation; (ii) limited asset market participation; and (iii) because the overlapping-generations structure results in a disconnect between current and future generations. We consider a permanent increase in government debt following a cut in labor or corporate income taxes in a small and large open economy. We analyze the sensitivity of the results to the key structural parameters of the model and argue that under plausible assumptions there will be significant crowding-out effects associated with permanent increases in government debt.

Treasonable Doubt

Treasonable Doubt PDF Author: R. Bruce Craig
Publisher:
ISBN:
Category : Communism
Languages : en
Pages : 472

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Book Description
Armed with a wealth of new information, Craig examines the controversial 1948 allegations that Communist spies had penetrated the American government, and explores the "ambiguities" that have haunted it for more than half a century.

Exchange Rate Regimes Past, Present and Future

Exchange Rate Regimes Past, Present and Future PDF Author: Michael D. Bordo
Publisher:
ISBN:
Category : Foreign exchange administration
Languages : en
Pages : 108

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The IS-LM Model

The IS-LM Model PDF Author: Michel de Vroey
Publisher: History of Political Economy A
ISBN:
Category : Business & Economics
Languages : en
Pages : 358

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Book Description
For some twenty-five years after the end of the Second World War, the IS-LM model dominated macroeconomics. Inspired by the work of John Maynard Keynes, this model demonstrates the relationship among savings, income, investments, and interest rates, showing the point at which the interaction of these elements produces "equilibrium" in an economy. With the advent of the new classical macroeconomics in the early 1970s, the dominance of the IS-LM model was effectively challenged. While no longer central to the graduate training of most macroeconomists or to cutting-edge macroeconomic research, the IS-LM model continues to be a mainstay of undergraduate textbooks, to find wide use in applied macroeconomics, and to lie at the conceptual core of most government and commercial macroeconometric models. This volume, the annual supplement to History of Political Economy, explores the rise, the fall, and the persistence of the IS-LM model. In addition to presenting papers from the History of Political Economy conference held at Duke University in April 2003, the volume includes the text of an address delivered at the conference by Nobel laureate Robert E. Lucas Jr., one of the central players in the intellectual movement that dethroned the IS-LM model. Contributors. Roger E. Backhouse, Mauro Boianovsky, Michael Bordo, David Colander, William Darity Jr., Michel De Vroey, Robert W. Dimand, Kevin D. Hoover, David Laidler, Robert E. Lucas Jr., Edward Nelson, Goulven Rubin, Anna Schwartz, Scott Sumner, Warren Young

International Finance And Open-economy Macroeconomics: Theory, History, And Policy (2nd Edition)

International Finance And Open-economy Macroeconomics: Theory, History, And Policy (2nd Edition) PDF Author: Hendrik Van Den Berg
Publisher: World Scientific Publishing Company
ISBN: 9814651184
Category : Business & Economics
Languages : en
Pages : 987

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Book Description
International Finance and Open-Economy Macroeconomics provides a complete theoretical, historical, and policy-focused account of the international financial system that covers all of the standard topics, such as foreign exchange markets, balance of payments accounting, macroeconomic policy in an open economy, exchange rate crises, multinational enterprises, and international financial markets. The book uses the 1944 Bretton Woods Conference as a unifying theme to relate the many controversial issue. It is written in a lively manner to bring real world events into the discussion of all of the concepts, topics, and policy issues. There is also emphasis on the history of economic thought in order to explain how economists in different time periods dealt with international financial issues.

Fabricating the Keynesian Revolution

Fabricating the Keynesian Revolution PDF Author: David Laidler
Publisher: Cambridge University Press
ISBN: 9780521645966
Category : Business & Economics
Languages : en
Pages : 404

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Book Description
Examining the emergence, in the inter-war years, of what came to be called 'Keynesian macroeconomics'.

Toward a New Europe

Toward a New Europe PDF Author: Wacława Starzyńska
Publisher:
ISBN:
Category : Europe
Languages : en
Pages : 362

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Acta Universitatis Lodziensis

Acta Universitatis Lodziensis PDF Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 364

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Book Description