A Consistency Framework for Macroeconomic Analysis PDF Download
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Author: William Russell Easterly
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 44
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Book Description
Author: William Russell Easterly
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 44
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Book Description
Author: William Easterly
Publisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 52
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Book Description
Illustrating with data for Colombia and Zimbabwe, Easterly presents a consistency framework useful for checking projections or constructing macroeconomic models, reconciling separate accounts for the government, monetary system, nonfinancial private sector, balance of payments, and national accounts.
Author: Dirk Niepelt
Publisher: MIT Press
ISBN: 0262043475
Category : Business & Economics
Languages : en
Pages : 318
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Book Description
A concise but rigorous and thorough introduction to modern macroeconomic theory. This book offers an introduction to modern macroeconomic theory. It is concise but rigorous and broad, covering all major areas in mainstream macroeconomics today and showing how macroeconomic models build on and relate to each other. The self-contained text begins with models of individual decision makers, proceeds to models of general equilibrium without and with friction, and, finally, presents positive and normative theories of economic policy. After a review of the microeconomic foundations of macroeconomics, the book analyzes the household optimization problem, the representative household model, and the overlapping generations model. It examines risk and the implications for household choices and macroeconomic outcomes; equilibrium asset returns, prices, and bubbles; labor supply, growth, and business cycles; and open economy issues. It introduces frictions and analyzes their consequences in the labor market, financial markets, and for investment; studies money as a unit of account, store of value, and medium of exchange; and analyzes price setting in general equilibrium. Turning to government and economic policy, the book covers taxation, debt, social security, and monetary policy; optimal fiscal and monetary policies; and sequential policy choice, with applications in capital income taxation, sovereign debt and default, politically motivated redistribution, and monetary policy biases. Macroeconomic Analysis can be used by first-year graduate students in economics and students in master's programs, and as a supplemental text for advanced courses.
Author: Colin A. Bruce
Publisher: World Bank Publications
ISBN:
Category : Debts, External
Languages : en
Pages : 110
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Book Description
Models of the RMSM-X genre can-- while preserving their logical structure-- incorporate behavioral equations and provide useful insights into policy actions that would correct internal and external macroeconomic imbalances.
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 65
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Book Description
Author: Peter Flaschel
Publisher: MIT Press
ISBN: 9780262061919
Category : Business & Economics
Languages : en
Pages : 484
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Book Description
An attempt to revitalize the traditions of nonmarket clearing approaches to macroeconomics. Using tools from dynamic analysis, the text introduces a consistent, integrated framework for disequilibrium macroeconomic dynamics and explore its relationship to the competing equilibrium dynamics.
Author: Jordi Galí
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 52
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Book Description
In this paper we present a simple, theory-based measure of the variations in aggregate economic efficiency associated with business fluctuations. We decompose this indicator, which we refer to as 'the gap', into two constituent parts: a price markup and a wage markup, and show that the latter accounts for the bulk of the fluctuations in our gap measure. Finally, we derive a measure of the welfare costs of business cycles that is directly related to our gap variable, and which takes into account explicitly the existence of a varying aggregate inefficiency. When applied to postwar U.S. data, for plausible parametrizations, our measure suggests welfare losses of fluctuations that are of a higher order of magnitude than those derived by Lucas (1987). It also suggests that the major postwar recessions involved substantial efficiency costs.
Author: Shu-Heng Chen
Publisher: Oxford University Press
ISBN: 0190877502
Category : Business & Economics
Languages : en
Pages : 785
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Book Description
The Oxford Handbook of Computational Economics and Finance provides a survey of both the foundations of and recent advances in the frontiers of analysis and action. It is both historically and interdisciplinarily rich and also tightly connected to the rise of digital society. It begins with the conventional view of computational economics, including recent algorithmic development in computing rational expectations, volatility, and general equilibrium. It then moves from traditional computing in economics and finance to recent developments in natural computing, including applications of nature-inspired intelligence, genetic programming, swarm intelligence, and fuzzy logic. Also examined are recent developments of network and agent-based computing in economics. How these approaches are applied is examined in chapters on such subjects as trading robots and automated markets. The last part deals with the epistemology of simulation in its trinity form with the integration of simulation, computation, and dynamics. Distinctive is the focus on natural computationalism and the examination of the implications of intelligent machines for the future of computational economics and finance. Not merely individual robots, but whole integrated systems are extending their "immigration" to the world of Homo sapiens, or symbiogenesis.
Author: Ibrahim Elbadawi
Publisher: World Bank Publications
ISBN:
Category : Aceites minerales - Asia occidental
Languages : en
Pages : 62
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Book Description
Author: Olivier Blanchard
Publisher:
ISBN: 9781292360911
Category : Europe
Languages : en
Pages : 0
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Book Description
This print textbook is available for students to rent for their classes. The Pearson print rental program provides students with affordable access to learning materials, so they come to class ready to succeed. For intermediate courses in economics. A unified view of the latest macroeconomic events In Macroeconomics, Blanchard presents an integrated, global view of macroeconomics, enabling students to see the connections between goods markets, financial markets, and labor markets worldwide. Organized into two parts, the text contains a core section that focuses on short-, medium-, and long-run markets and two major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis that engulfed the world in the late 2000s, to monetary policy in the US, to the problems of the Euro area, and growth in China, the text helps students make sense not only of current macroeconomic events but also of those that may unfold in the future. Integrated, detailed boxes in the 8th Edition have been updated to convey the life of macroeconomics today, reinforce lessons from the models, and help students employ and develop their analytical and evaluative skills. Also available with MyLab Economics By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.
