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Author : Huw Dixon
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (46 download)
Download or read book Imperfect Competition, the Multiplier, and the Non-neutrality of Money written by Huw Dixon and published by . This book was released on 1987 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yew-Kwang Ng
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Non-Neutrality of Money Under Non-Perfect Competition written by Yew-Kwang Ng and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the demonstration that non-perfect competition makes money possibly non-neutral (Ng 1977, 1980, 1982, 1986, 1992), economists now (e.g. Dixon and Rankin 1994) still regard additional distortions or frictions, such as menu costs, as necessary in combination with non-perfect competition, to make money non-neutral. This paper explains this inconsistency. Really, it has only been shown that a real equilibrium can still be an equilibrium even if money supply changes. However, a change in money supply may also shift the economy from one equilibrium to another. When such possibilities prevail, there exists an interfirm macroeconomic externality where the expansion by each firm benefits other firms apart from the familiar income multiplier effects. Some real-world factors making monetary non-neutrality more likely to prevail are briefly outlined. In particular, revenue maximization and average-cost pricing increases the likelihood. When the economy does not but is close to possessing a continuum of equilibria, a tax reduction as aggregate demand increases may make a higher real output sustainable as an equilibrium point. Moreover, the tax reduction may be self-financing.
Author : Yew-Kwang Ng
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 ( download)
Download or read book Neo-neutrality of Money Under Non-perfect Competition written by Yew-Kwang Ng and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yew-Kwang Ng
Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (383 download)
Download or read book Non-neutrality of Money Under Non-perfect Competition written by Yew-Kwang Ng and published by . This book was released on 1995 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jean-Pascal Benassy
Publisher : MIT Press
ISBN 13 : 9780262261739
Total Pages : 296 pages
Book Rating : 4.2/5 (617 download)
Download or read book The Macroeconomics of Imperfect Competition and Nonclearing Markets written by Jean-Pascal Benassy and published by MIT Press. This book was released on 2005-01-14 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Jean-Pascal Benassy attempts to integrate into a single unified framework dynamic macroeconomic models reflecting such diverse lines of thought as general equilibrium theory, imperfect competition, Keynesian theory, and rational expectations. He begins with a simple microeconomic synthesis of imperfect competition and nonclearing markets in general equilibrium under rational expectations. He then applies this framework to a large number of dynamic macroeconomic models, covering such topics as persistent unemployment, endogenous growth, and optimal fiscal-monetary policies. The macroeconomic methodology he uses is similar in spirit to that of the popular real business cycles theory, but the scope is much wider. All of the models are solved "by hand," making the underlying economic mechanisms particularly clear.
Author : Christopher Tsoukis
Publisher : Oxford University Press, USA
ISBN 13 : 0198825374
Total Pages : 735 pages
Book Rating : 4.1/5 (988 download)
Download or read book Theory of Macroeconomic Policy written by Christopher Tsoukis and published by Oxford University Press, USA. This book was released on 2020 with total page 735 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theory of Macroeconomic Policy offers a panoramic view of macroeconomic theory as a foundation for understanding macroeconomic, fiscal and monetary, policy.
Author : Ben J. Heijdra
Publisher : Oxford University Press
ISBN 13 : 0191086843
Total Pages : 1353 pages
Book Rating : 4.1/5 (91 download)
Download or read book Foundations of Modern Macroeconomics written by Ben J. Heijdra and published by Oxford University Press. This book was released on 2017-08-25 with total page 1353 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of macroeconomics can seem a daunting project. The field is complex and sometimes poorly defined and there are a variety of competing approaches. It is easy for the senior bachelor and starting master student to get lost in the forest of macroeconomics and the mathematics it uses extensively. Foundations of Modern Macroeconomics is a guide book for the interested and ambitious student. Non-partisan in its approach, it deals with all the major topics, summarising the important approaches and providing the reader with a coherent angle on all aspects of macroeconomic thought. Each chapter deals with a separate area of macroeconomics, and each contains a summary section of key points and a further reading list. Using nothing more than undergraduate mathematical skills, it takes the student from basic IS-LM style macro models to the state of the art literature on Dynamic Stochastic General Equilibrium, explaining the mathematical tricks used where they are first introduced. Fully updated and substantially revised, this third edition of Foundations of Modern Macroeconomics now includes brand new chapters covering highly topical subjects such as dynamic programming, competitive risk sharing equilibria and the New Keynesian DSGE approach.
Author : Masayuki Otaki
Publisher : Springer
ISBN 13 : 4431553452
Total Pages : 209 pages
Book Rating : 4.4/5 (315 download)
Download or read book Keynesian Economics and Price Theory written by Masayuki Otaki and published by Springer. This book was released on 2015-02-04 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reconstructs Keynesian macroeconomics so that it is compatible with the neoclassical dynamic microeconomic theory. This theory adopts three postulates: rational expectations, perfect price flexibility, and exclusion of the money in utility function (MIU). Based on the new theoretical finding that the Lucas model (1972) contains multiple equilibria, the author unifies Keynesian and monetarist theories within the same framework. The book applies the above basic theory to international macroeconomics and economic growth theory. New Keynesian theory contains logical inconsistencies: menu costs that have no close relationship with microeconomics and MIU, which implies that the money accumulated as wealth is never spent. These two assumptions do not proximate the real world. In this volume, the author discusses how various segregated theoretical approaches in macroeconomics relate to one another and proposes how to integrate them.
Author : Jean-Pascal Bénassy
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 552 pages
Book Rating : 4.F/5 ( download)
Download or read book Macroeconomics and Imperfect Competition written by Jean-Pascal Bénassy and published by Edward Elgar Publishing. This book was released on 1995 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The macroeconomics of imperect competition has become in recent years a most influential paradigm, which many macroeconomists now prefer to the Classical of Keynesian ones, notably because of its clear and rigorous microfoundations. This volume collects and puts into perspective the leading contributions to this important and rapidly expanding field.
Author : Kenneth J. Arrow
Publisher : Springer
ISBN 13 : 1349262552
Total Pages : 478 pages
Book Rating : 4.3/5 (492 download)
Download or read book Increasing Returns and Economic Analysis written by Kenneth J. Arrow and published by Springer. This book was released on 1998-04-12 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected papers from many leading Australian, American, Asian, British and European economists of an international conference at Monash University sparked by the first Australian visit by Kenneth J. Arrow, Nobel Laureate in Economics. Part 1 extends the recently emerged New Classical Economics which uses inframarginal analysis to formally examine classical economic problems of specialization with insights on trade, growth, and many other issues. Part 2 analyses the implications of increasing returns and the associated non-perfect competition on some macro problems like the effects of nominal aggregate demand on output and the price level. Part 3 analyses the relationships of information, returns to scale, and issues of resources and trade.
Author : John Maynard Keynes
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (17 download)
Download or read book The General Theory of Employment, Interest and Money written by John Maynard Keynes and published by . This book was released on 1989 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Neil Rankin
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.X/5 (1 download)
Download or read book Monetary and Fiscal Policy in a "Hartian" Model of Imperfect Competition written by Neil Rankin and published by . This book was released on 1987 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Huw David Dixon
Publisher : Bloomsbury Publishing
ISBN 13 : 1137041420
Total Pages : 222 pages
Book Rating : 4.1/5 (37 download)
Download or read book Surfing Economics written by Huw David Dixon and published by Bloomsbury Publishing. This book was released on 2017-03-14 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Surfing Economics is a collection of essays by one of Europe's leading young economists. These essays are written to bring to life in a non-technical manner some of the fundamental ideas and concepts in contemporary economics, including new Keynesian economics, the natural rate, bounded rationality, social learning and the meaning of economics. Whilst primarily written for the undergraduate student, these essays will entertain and enlighten economists of all ages. Above all, the essays convey the enthusiasm and excitement of Huw Dixon for economics along with his valuable insights into the subject. Just the thing to brighten up your reading lists.
Author : Jonathan Michie
Publisher : Routledge
ISBN 13 : 1135932263
Total Pages : 2166 pages
Book Rating : 4.1/5 (359 download)
Download or read book Reader's Guide to the Social Sciences written by Jonathan Michie and published by Routledge. This book was released on 2014-02-03 with total page 2166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2-volume work includes approximately 1,200 entries in A-Z order, critically reviewing the literature on specific topics from abortion to world systems theory. In addition, nine major entries cover each of the major disciplines (political economy; management and business; human geography; politics; sociology; law; psychology; organizational behavior) and the history and development of the social sciences in a broader sense.
Author :
Publisher : Springer
ISBN 13 : 1349588024
Total Pages : 7493 pages
Book Rating : 4.3/5 (495 download)
Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Author : Huw David Dixon
Publisher : Cambridge University Press
ISBN 13 : 9780521479479
Total Pages : 408 pages
Book Rating : 4.4/5 (794 download)
Download or read book The New Macroeconomics written by Huw David Dixon and published by Cambridge University Press. This book was released on 1995-10-19 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brings together leading researchers from the USA and Europe to examine the literature on the new macroeconomics.
Author : L. Randall Wray
Publisher : Springer
ISBN 13 : 1137539925
Total Pages : 322 pages
Book Rating : 4.1/5 (375 download)
Download or read book Modern Money Theory written by L. Randall Wray and published by Springer. This book was released on 2015-09-22 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
