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Macro Politics And Macro Models
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Book Synopsis The Macro Polity by : Robert S. Erikson
Download or read book The Macro Polity written by Robert S. Erikson and published by Cambridge University Press. This book was released on 2002-01-14 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Borrowing from the perspective of macroeconomics, it treats electorates, politicians, and governments as unitary actors, making decisions in response to the behavior of other actors. The macro and longitudinal focus makes it possible to directly connect the behaviors of electorate and government. The surprise of macro-level analysis, emerging anew in every chapter, is that order and rationality dominate explanations.
Book Synopsis Macro Politics and Macro Models by : Keith Krehbiel
Download or read book Macro Politics and Macro Models written by Keith Krehbiel and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A framework is introduced for evaluating static micro-analytic theories in dynamic macro-political settings. Within the framework, two theories of lawmaking are compared. Analytically, the predictions of the theories are remarkably similar - almost to the point of being observationally equivalent. However, analysis focusing on critical, theory-specific regime changes provides an opportunity for some discrimation. The findings provide some support for both partisan and nonpartisan theories, the relative strength of which seems to depend upon roll calls selected for analysis.
Book Synopsis Risk Topography by : Markus Brunnermeier
Download or read book Risk Topography written by Markus Brunnermeier and published by University of Chicago Press. This book was released on 2014-10-17 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis and the difficulty of using mainstream macroeconomic models to accurately monitor and assess systemic risk have stimulated new analyses of how we measure economic activity and the development of more sophisticated models in which the financial sector plays a greater role. Markus Brunnermeier and Arvind Krishnamurthy have assembled contributions from leading academic researchers, central bankers, and other financial-market experts to explore the possibilities for advancing macroeconomic modeling in order to achieve more accurate economic measurement. Essays in this volume focus on the development of models capable of highlighting the vulnerabilities that leave the economy susceptible to adverse feedback loops and liquidity spirals. While these types of vulnerabilities have often been identified, they have not been consistently measured. In a financial world of increasing complexity and uncertainty, this volume is an invaluable resource for policymakers working to improve current measurement systems and for academics concerned with conceptualizing effective measurement.
Book Synopsis Political Economy In Macro Economics by : Allan Drazen
Download or read book Political Economy In Macro Economics written by Allan Drazen and published by Orient Blackswan. This book was released on 2004 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political Economy in Macroeconomics is the first full-length work on the issues of new political economy. This is a multi-disciplinary subject to which increasing numbers of economists are dedicating their time. It analyses the influence of political forces on economic policy by using the analytical tools of economics. However, while emphasising the use of economic models, Drazen has also included related issues such as politics and political philosophy in this volume, and therefore the book contains much conceptual discussion as well as empirical data. At the moment there is no text that covers political economy in macroeconomics at the postgraduate and advanced undergraduate level. This book will fill that gap. It is a survey, textbook, and critique all in one (Dani Rodrik, Harvard University), and has established the benchmark for years to come, in terms of coverage and depth of critical assessment (Leonardo Bartolini, Journal of International Economics).
Book Synopsis Advanced Macroeconomics by : Filipe R. Campante
Download or read book Advanced Macroeconomics written by Filipe R. Campante and published by LSE Press. This book was released on 2021-10-11 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Political Economy in Macroeconomics by : Allan Drazen
Download or read book Political Economy in Macroeconomics written by Allan Drazen and published by Princeton University Press. This book was released on 2002-01-15 with total page 790 pages. Available in PDF, EPUB and Kindle. Book excerpt: Allan Drazen focuses on the implications of political and economic outcomes rather than polictical and public choice per se limiting his coverage to macroeconomics.
Book Synopsis Political Control of the Macroeconomy by : Paul Whiteley
Download or read book Political Control of the Macroeconomy written by Paul Whiteley and published by London ; Beverly Hills : Sage Publications. This book was released on 1986 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paul Whiteley integrates two fields of study which have traditionally remained separate - public policy analysis and macroeconomic theory. He applies theoretical models from macroeconomics to key issues in public policy analysis. He measures the effects of technological change, the nature of economic growth, and the extent to which government can stimulate productivity and manipulate the economy for electoral purposes. Two dimensions, essential in understanding the political determinants of economic policy, are highlighted: the short- and long-term effects of policies; and the relationship between policy instruments, such as public expenditure, and policy targets, such as full employment. Using cross-sectional and time-series data, Paul Whiteley tests and develops models for assessing policies and their outcomes. His conclusions about government mechanisms for exerting influence on the economy have important implications for public policy and macroeconomic analyses.
Book Synopsis U.S. Politics and the American Macroeconomy by : Gerald T. Fox
Download or read book U.S. Politics and the American Macroeconomy written by Gerald T. Fox and published by Business Expert Press. This book was released on 2015-06-10 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book considers the interrelation among macroeconomic politics, macroeconomic policymakers, macroeconomic policies, and macroeconomic perform ance. This interaction is examined using the expectational Phillips curve model, which measures macroeconomic outcomes in terms of inflation and unemployment. The subject of macroeconomic politics mainly focuses on voter behavior, presidential reelection ambition, and political party priorities. These political factors influence the macroeconomic policy actions of the president, Congress, and the central bank; the analysis takes into account both fiscal and monetary policies. The author’s examination of citizen sentiment is based on rational voter theory and the median voter model. He compares the effects of macroeconomic farsightedness versus shortsightedness in voters and contrasts the conservative versus liberal perspectives on macroeconomic policy and performance. The empirical component of the analysis examines the electoral and partisan political business cycle effects upon the U.S. economy, and evidence of idiosyncratic effects during the time frame of 1961–2014 is found. Finally, the author discusses macroeconomic influence on various measures of voter sentiment, such as presidential job approval, and presidential and congressional election outcomes.
Book Synopsis Basic Macro Models by : Roger Strickland
Download or read book Basic Macro Models written by Roger Strickland and published by . This book was released on 2020-05-21 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Macro Polity by : Robert S. Erikson
Download or read book The Macro Polity written by Robert S. Erikson and published by Cambridge University Press. This book was released on 2001-01-28 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Macro Polity provides the first comprehensive model of American politics at the system level. Focusing on the interactions between citizen evaluations and preferences, government activity and policy, and how the combined acts of citizens and governments influence one another over time, it integrates understandings of matters such as economic outcomes, presidential approval, partisanship, elections, and government policy-making into a single model. The book's macro and longitudinal focus makes it possible to directly connect the behaviors of electorate and government.
Book Synopsis Macroeconomic Analysis by : Dirk Niepelt
Download or read book Macroeconomic Analysis written by Dirk Niepelt and published by MIT Press. This book was released on 2019-12-31 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Evolution of Macroeconomic Theory and Policy by : Kamran Dadkhah
Download or read book The Evolution of Macroeconomic Theory and Policy written by Kamran Dadkhah and published by Springer Science & Business Media. This book was released on 2009-07-25 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Depression of the 1930s gave birth to a branch of economics christened macroeconomics. This highly readable book presents an unconventional and timely perspective on macroeconomics – the interplay of theory and policy in a historical context.
Book Synopsis Introduction to Macroeconomics by : Gilad James, PhD
Download or read book Introduction to Macroeconomics written by Gilad James, PhD and published by Gilad James Mystery School. This book was released on with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Macroeconomics is a fundamental course that introduces students to the basic principles and concepts of macroeconomics. It provides a comprehensive understanding of the functioning and structure of the economy as a whole, and how the macroeconomic variables such as gross domestic product (GDP), inflation, unemployment, and international trade affect the overall performance of the economy. The course covers key macroeconomic models, policies, and theories that aid in analyzing and explaining the economic behavior of households, businesses, and governments. The first paragraph of the course introduces and defines the subject matter of macroeconomics, provides a brief overview of its history, and highlights its significance in understanding the economy. It focuses on aggregate demand, aggregate supply, inflation, and unemployment, and how they interact to determine the overall economic performance. The second paragraph highlights the various macroeconomic models such as Classical, Keynesian, and Monetarist theories and how they relate to the economy. Finally, it discusses the role of economic policies, including fiscal and monetary policies, in regulating and stabilizing macroeconomic variables, and the principles that guide policy implementation. The course is essential for students pursuing economics or related fields, providing a strong foundation for understanding and analyzing macroeconomic phenomena in real-world situations.
Book Synopsis The Integration of Macro and Microeconomic Relations in Dynamic Policy Models by : Ary Lars Bovenberg
Download or read book The Integration of Macro and Microeconomic Relations in Dynamic Policy Models written by Ary Lars Bovenberg and published by International Monetary Fund. This book was released on 1990-04-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how two types of fiscal policy models, namely, dynamic macroeconomic models and applied general equilibrium models, have integrated macro- and microeconomic relationships within a framework of intertemporal equilibrium. After emphasizing the potential advantages of integrating macro- and microeconomic relations, the study discusses the limitations of intertemporal equilibrium models--in particular the weaknesses of saving and investment theories incorporated in the models. It concludes that, despite recent important advances, policymakers need to exercise caution when they interpret results derived from these models.
Book Synopsis Applied Macroeconomics for Public Policy by : Rafael Yanushevsky
Download or read book Applied Macroeconomics for Public Policy written by Rafael Yanushevsky and published by Academic Press. This book was released on 2018-09-28 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applied Macroeconomics for Public Policy applies system and control theory approaches to macroeconomic problems. The book shows how to build simple and efficient macroeconomic models for policy analysis. By using these models, instead of complex multi-criteria models with uncertain parameters, readers will gain new certainty in macroeconomic decision-making. As high debt to GDP ratios cause problems in societies, this book provides insights on improving economies during and after economic downturns. Provides a detailed analysis of existing macroeconomic models Addresses the dynamics of debt to GDP ratio and the effects of fiscal and monetary policy on this ratio Shows how to use models to evaluate the dynamics of the debt to GDP ratio in cases of government spending and tax cuts and to decide whether such economic measures are efficient Uses optimal theory to obtain optimal yearly debt levels to reach the established goals (decrease debt or balance budget) Provides many examples and software exercises to promote learning by doing
Book Synopsis Empirical Implications of Theoretical Models in Political Science by : Jim Granato
Download or read book Empirical Implications of Theoretical Models in Political Science written by Jim Granato and published by Cambridge University Press. This book was released on 2021-05-13 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a framework to demonstrate how to unify formal, theoretical and empirical analysis through various interdisciplinary examples.
Book Synopsis Microfoundations Reconsidered by : Pedro Garcia Duarte
Download or read book Microfoundations Reconsidered written by Pedro Garcia Duarte and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most macroeconomists agree that we live in the age of microfoundations. The recent worldwide financial crisis may have emboldened critics of this microfoundational orthodoxy, but it remains the dominant view that macroeconomic models must go beyond supply and demand functions to the level of individual decision-making, taking into account the general dynamic environment where agents live. Microfoundations Reconsidered seeks to reassess how the relationship of micro and macroeconomics evolved over time. The highly regarded contributors to the book argue that the standard narrative of microfoundations is likely to be unreliable. They therefore re-examine the history of the relationship of microeconomics and macroeconomics, starting from their emergence as self-consciously distinct fields within economics in the early 1930s. They seek to go beyond the conventional history that is often told and written by practicing economists. From different perspectives they challenge the association of microfoundations with Robert Lucas and rational expectations and offer both a more complete and a deeper reading of the relationship between micro and macroeconomics. Microfoundations Reconsidered is a valuable addition to the macroeconomic research literature. It is ideally suited to students, scholars, researchers, and practitioners with an interest in macro and microeconomics and the history of economics.
