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A Study in Monetary Macroeconomics

A Study in Monetary Macroeconomics PDF Author: Stefan Homburg
Publisher:
ISBN: 9780191845451
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 205
Book Description
The financial crisis of 2007 and the following recession present a major challenge to macroeconomic theory. This text refines and improves mainstream approaches to contribute to a better understanding of the monetary and fiscal policies that have been complicated by low-interest rates and super-expansive monetary policies.

A Study in Monetary Macroeconomics

A Study in Monetary Macroeconomics PDF Author: Stefan Homburg
Publisher:
ISBN: 9780191845451
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 205
Book Description
The financial crisis of 2007 and the following recession present a major challenge to macroeconomic theory. This text refines and improves mainstream approaches to contribute to a better understanding of the monetary and fiscal policies that have been complicated by low-interest rates and super-expansive monetary policies.

A Study in Monetary Macroeconomics

A Study in Monetary Macroeconomics PDF Author: Stefan Homburg
Publisher: Oxford University Press
ISBN: 0192534556
Category : Business & Economics
Languages : en
Pages : 224
Book Description
The financial crisis of 2007 and the following recession present a major challenge to macroeconomic theory. The same holds true for exceptionally low interest rates during the recent years and for the puzzle that super-expansive monetary policies failed to produce high inflation. Approaches that focus on steady states, rational expectations, and individuals planning over infinite horizons, are not suitable for analysing such abnormal situations. A Study in Monetary Macroeconomics refines and improves mainstream approaches to resolve these puzzles and to contribute to a better understanding of monetary and fiscal policies. Using a rich institutional structure that includes features such as credit money, external finance, borrowing constraints, net worth, real estate and commercial banks, this timely study reduces rationality requirements to cope with its complex setting. It starts with a simple baseline model, deriving results from mathematical reasoning and simulations whilst adhering to the method of dynamic general equilibrium (DGE) with optimizing agents and fully specified models. Highly topical, A Study in Monetary Macroeconomics uses a unified theoretical framework to demonstrate that a DGE approach makes it possible to develop clean models that work outside steady states and are appropriate for answering macroeconomic questions of actual interest.

Macroeconomics; Income and Monetary Theory

Macroeconomics; Income and Monetary Theory PDF Author: Joseph Aschheim
Publisher: Columbus, Ohio : C. E. Merrill Publishing Company
ISBN:
Category : Economics
Languages : en
Pages : 288
Book Description
Focuses on the overall impact of Keynesian theory and its interpretation. Part I deals with the theory of income and employment. Part II presents a systematic study of monetary theory.

A Study in Macroeconomics

A Study in Macroeconomics PDF Author: Michael Mussa
Publisher: Amsterdam : North-Holland Publishing Company ; New York : distributors for the U.S.A. and Canada, Elsevier/North Holland
ISBN:
Category : Equilibrium (Economics).
Languages : en
Pages : 316
Book Description


Macroeconomics For Dummies - UK

Macroeconomics For Dummies - UK PDF Author: Manzur Rashid
Publisher: John Wiley & Sons
ISBN: 1119026628
Category : Business & Economics
Languages : en
Pages : 336
Book Description
An accessible and engaging introduction to the big picture of UK and international economics Are you studying macroeconomics, but don't know inflation from stagflation? Have no fear! This easy-to-understand guide, written specifically for the UK market, is packed with real-world examples and cases that easily illustrate the key concepts you'll need to know to fully grasp macroeconomics and ace your exams. Taking a fun, step-by-step approach to the topic, this great guide provides an engaging introduction to macroeconomics and then delves into more specific topics, such as business cycles, inflation, unemployment, domestic output, monetary policy, and much more. When it comes to the interaction of politics, business decisions, consumer actions, and monetary policy, the study of economics is international in scope. That means you must understand not just the economies of nations, but also the interrelatedness of national economies throughout the world. This easy, accessible guide will help you: Find out how many different financial, business, consumer, and political factors interact to create the overall economic reality of nations Understand business cycles, economic growth, and fiscal and monetary policies Study the relationships of various economic indicators, such as inflation, unemployment, and domestic output Gain a solid understanding of macroeconomics by building on microeconomic principles and using real-world examples If you're struggling with your economics course or you need to get up to speed on the topic of macroeconomics quickly, Macroeconomics For Dummies has you covered!

Monetary Economics

Monetary Economics PDF Author: Jagdish Handa
Publisher: Routledge
ISBN: 1134638094
Category : Business & Economics
Languages : en
Pages : 785
Book Description
A comprehensive overview of advanced monetary economics, integrating the presentation of monetary theory with empirical formulations and their empirical tests. Unlike most texts this book brings together in a single unified source the core areas of monetary economics. Key features include: * cross-country comparison of central banking in the US, UK and developing countries * theories and empirical studies on money demand, including precautionary and buffer stock models and monetary aggregation * detailed comparison of Keynesian and modern classical macroeconomic theoretical and policy models * a focus on the role of money and financial institutions and growth.

National Income and the Price Level

National Income and the Price Level PDF Author: Martin J. Bailey
Publisher: New York ; Montréal : McGraw-Hill
ISBN: 9780070032217
Category : Business & Economics
Languages : en
Pages : 292
Book Description


IS-LM and Modern Macroeconomics

IS-LM and Modern Macroeconomics PDF Author: Warren Young
Publisher: Springer Science & Business Media
ISBN: 9780792379669
Category : Business & Economics
Languages : en
Pages : 180
Book Description
IS-LM is perhaps the prime example of "cognitive dissonance" in economics, and is problematic to many economists. However, the model's "plasticity" has enabled it to undergo a metamorphosis into augmented form, enabling its continuing utilization, as the papers in this volume discuss.

Macroeconomic Policy

Macroeconomic Policy PDF Author: Farrokh K. Langdana
Publisher: Springer Science & Business Media
ISBN: 9781402071461
Category : Business & Economics
Languages : en
Pages : 320
Book Description
Macroeconomic Policy is an applications oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. The book demystifies the linkages between monetary and fiscal policies and key macroeconomic variables such as income, unemployment, inflation and interest rates. MBA and Executive MBA students who appreciate the importance of monetary and fiscal analysis will find this text to be right on target. Financial analysts and individual investors who need to strip away economic myths and jargon and systematically examine and understand the effects of macro policies will also find the book extremely useful. A unique feature of this book is the extensive use of specially written "newspaper" articles designed to simulate current macroeconomic news. Topics such as unemployment, soft landings, overheated economies, asset-price bubbles, liquidity traps, hyperinflations, and exchange rate meltdowns are incorporated in these articles. Each chapter contains exercises that enable the reader to relate specific underlined passages in these articles to the theory presented in preceding chapters. This distinctive approach ensures real-world applicability, and supporting diagrams further enable the reader to relate current economic news to the theoretical material discussed. Macroeconomic Policy is designed for a global audience. A key feature of this book is its emphasis on the role of expectations and "paradigm shifts" in implementing fiscal and monetary policies, both in developed as well as in emerging economies. This approach explains why once-successful macroeconomic models suddenly cease to be effective, and why Keynesian as well as Supply-Side models can legitimately coexist in several developed economies.

Inflation and Unemployment in a Monetary Union

Inflation and Unemployment in a Monetary Union PDF Author: Michael Carlberg
Publisher: Springer
ISBN: 9783540793007
Category : Business & Economics
Languages : en
Pages : 243
Book Description
This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German government is low unemployment in Germany. And the primary target of the French government is low unemployment in France. The European central bank has a quadratic loss function. The same applies to the German government and the French government. The key questions are: To what extent can the sequential process of monetary and fiscal decisions reduce the loss caused by inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal decisions? The present book is part of a larger research project on European Monetary Union, see the references given at the back of the book. Some parts of this project were presented at the World Congress of the International Economic Association, at the International Conference on Macroeconomic Analysis, at the International Institute of Public Finance, and at the International Atlantic Economic Conference. Other parts were presented at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association, at the Göttingen Workshop on International Economics, at the Halle Workshop on Monetary Economics, at the Research Seminar on Macroeconomics in Freiburg, at the Research Seminar on Economics in Kassel, and at the Passau Workshop on International Economics.