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Output And The Role Of Money An Overview Of Macroeconomic Theory
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Book Synopsis Output And The Role Of Money: An Overview Of Macroeconomic Theory by : Mushin Jerry
Download or read book Output And The Role Of Money: An Overview Of Macroeconomic Theory written by Mushin Jerry and published by World Scientific Publishing Company. This book was released on 2002-10-25 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This invaluable book is an introduction to macroeconomic theory and policy. It provides the background of numerous issues that are of current importance. Although its primary purpose is to serve as a resource for undergraduates, it will also be useful to other readers. Despite being an introduction to the subject, its approach is not superficial, and complex issues are not ignored. Theory is related to practical issues. Particular attention is devoted to open-economy theory and the international constraints on the domestic economy. As is usual in economic matters, the conclusions are frequently tentative. Economic theory does not always provide answers. It does,however, encourage people to ask useful questions. And that is one of the aims of this book.An accompanying Instructors' Guide to Output and the Role of Money is available free to instructors who adopt Output and the Role of Money as a course book. The guide, Macroeconomic Thinking, is designed by the author to ensure that instructors' students derive maximum value from the book. The author has found that students enjoy the style of teaching presented and that it produces graduates who are knowledgeable and enthusiastic about economic theory and its applications.
Book Synopsis The Demand for Money by : Apostolos Serletis
Download or read book The Demand for Money written by Apostolos Serletis and published by Springer Science & Business Media. This book was released on 2007-06-08 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the most comprehensive textbook available on the money demand function and its role in modern macroeconomics. The book takes a microeconomic- and aggregation-theoretic approach to the topic and presents empirical evidence using state-of-the-art econometric methodology, while recognizing the existence of unsolved problems and the need for further developments. The new edition is fully revised and includes new chapters.
Book Synopsis Money and Inflation by : Sergio Rossi
Download or read book Money and Inflation written by Sergio Rossi and published by Edward Elgar Publishing. This book was released on 2001 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rossi (economics, Universities of Fribourg and Lugano) presents a new theory connecting money and output. Analyzing inflation from a macroeconomics perspective, the role of money is described in terms of value, price, profit, and capital accumulation. Rossi argues that an understanding of inflation must be grounded on a view of the formation (and not the distribution) of national income. He then proposes structural reforms of modern banking systems and outlines an original macro-theoretical investigation of measurement problems in price index theory. Annotation copyrighted by Book News, Inc., Portland, OR
Book Synopsis Money, Exchange Rates, and Output by : Guillermo A. Calvo
Download or read book Money, Exchange Rates, and Output written by Guillermo A. Calvo and published by MIT Press. This book was released on 1996 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Guillermo Calvo, who foresaw the financial crisis that followed the devaluationn of Mexico's peso, has spent much of his career thinking beyond the conventional wisdom. In a quiet and understated way, Calvo has made seminal contributions to several major research areas in macroeconomics, particularly monetary policy, exchange rates, public debt, and stabilization in Latin America and post-communist countries. Money, Exchange Rates, and Output brings together these contributions in a broad selection of the author's work over the past two decades. There are introductions to each section, and an introduction to the entire collection that outlines the connections throughout and survey the current state of macroeconomic theory. Specific issues covered are predetermined exchange rates, currency substitution, domestic public debt and seigniorage, and stabilizing transition economics.
Book Synopsis Macroeconomic Theory by : Jean-Pascal Benassy
Download or read book Macroeconomic Theory written by Jean-Pascal Benassy and published by Oxford University Press. This book was released on 2011-04-08 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: This graduate textbook is a primer in macroeconomics. It starts from essential undergraduate macroeconomics and develops the central topics of modern macroeconomic theory in a simple and rigorous manner. All topics essential for first year graduate students are covered. These include rational expectations, intertemporal dynamic models, exogenous and endogenous growth, nonclearing markets and imperfect competition, uncertainty, and money. The book also covers real business cycles and dynamic stochastic general equilibrium models, integrating growth and fluctuations, sticky wages and prices, consumption and investment, and unemployment. Lastly, it studies government policy, stabilization, credibility, and the connections between politics and the macroeconomy. Each topic is presented in the simplest model possible while still delivering the relevant answers and keeping rigorous foundations throughout the book. To make the book fully self-contained there is a mathematical appendix that gives all necessary mathematical results.
Book Synopsis Money: Theory and Practice by : Jin Cao
Download or read book Money: Theory and Practice written by Jin Cao and published by Springer Nature. This book was released on 2019-12-07 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides an introduction to modern monetary economics for advanced undergraduates, highlighting the lessons learned from the recent financial crisis. The book presents both the core New Keynesian model and recent advances, taking into account financial frictions, and discusses recent research on an intuitive level based on simple static and two-period models, but also prepares readers for an extension to a truly dynamic analysis. Further, it offers a systematic perspective on monetary policy, covering a wide range of models to help readers gain a better understanding of controversial issues. Part I examines the long-run perspective, addressing classical monetary policy issues such as determination of the price level and interaction between monetary and fiscal policy. Part II introduces the core New Keynesian model, characterizing optimal monetary policy to stabilize short-term shocks. It discusses rules vs. discretion and the challenges arising from control errors, imperfect information and robustness issues. It also analyzes optimal control in the presence of an effective lower bound. Part III focuses on modelling financial frictions. It identifies the transmission mechanisms of monetary policy via banking and introduces models with incomplete markets, principal-agent problems, maturity mismatch and leverage cycles, to show why investors’ and intermediaries’ own stakes play a key role in lending with pro-cyclical features. In addition, it presents a tractable model for handling liquidity management and demonstrates that the need to sell assets in crisis amplifies the volatility of the real economy. Lastly, the book discusses the relation between monetary policy and financial stability, addressing systemic risk and the role of macro-prudential regulation.
Book Synopsis Understanding Macroeconomic Theory by : Bradley T. Ewing
Download or read book Understanding Macroeconomic Theory written by Bradley T. Ewing and published by Routledge. This book was released on 2006-09-27 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: At each point in time, individuals make choices with respect to the acquisition, sale, and/or use of a variety of different goods. Such activity can be summarized by aggregate variables such as an economy’s total production of various goods and services, the aggregate level of unemployment, the general level of interest rates, and the overall level of prices. The focus of this book is on developing simple theoretical models that provide insight into the reasons for fluctuations in such aggregate variables. The models included explore how shocks or ‘impulses’ to the economy (e.g. changes to technology, the money supply, or government policy) impact individuals’ behaviour in specific markets, and the resulting implications in terms of changes in aggregate variables. This book provides the reader with an in-depth understanding of standard theoretical models: Walrasian, Keynesian and Neoclassical. Pedagogically sophisticated, it is theoretically based, rigorous and includes a host of real world case studies and exercises. Underpinned by solid microfoundations, it is written in a concise, accessible style and is an indispensable tool for all students who wish to a gain a firm grounding in the complexities of macroeconomic theories as well as government and private sector researchers of macroeconomics.
Book Synopsis Current Issues in Monetary Economics by : Taradas Bandyopadhyay
Download or read book Current Issues in Monetary Economics written by Taradas Bandyopadhyay and published by Rowman & Littlefield. This book was released on 1990 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together leading academics and researchers to make a timely contribution to our understanding of the key issues in the fast-developing field of monetary economics. It offers a thoroughly comprehensive and up-to-date treatment of major areas such as money supply and demand, interest rate determination, international transmission of inflation, public debt, stabilization of the economy, the rational expectations hypothesis and the relationship between money and economic development. The book will be essential reading for all undergraduate and graduate students of monetary economics and macroeconomic theory. Contents: Preface; Contributors; Introduction: Taradas Bandyopadhyay and Subrata Ghatak; Money demand and supply, M.J. Artis and M.K. Lewis; Money market operations of the Bank of England and the determination of interest rates, David T. Llewellyn; Real interest rates and the role of expectations, Kajal Lahiri and Mark Zaporowski; Public sector deficits and the money supply, P.M. Jackson; The international transmission of inflation, George Zis; A critique of monetary theories of the balance of payments; nihil ex nihilo, M.H.L. Burstein; A framework for the analysis of two-tier exchange markets with incomplete segmentation, Jagdeep S. Bhandari and Bernard Decaluwe; Rational expectations and monetary policy, Patrick Minford; Monetary policy and credibility, Paul Levine; Disinflation and wage-price controls, David A. Wilton; Monetary growth models: The role of money demand functions, Taradas Bandyopadhyay and Subrata Ghatak; Index.
Book Synopsis Macroeconomic Policy by : Farrokh Langdana
Download or read book Macroeconomic Policy written by Farrokh Langdana and published by Springer Science & Business Media. This book was released on 2009-04-05 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an applications-oriented text that demystifies the linkages between monetary and fiscal policies and key macroeconomic variables such as income, unemployment, inflation and interest rates. Specially written "newspaper" articles simulate current macroeconomic news on asset-price bubbles, exchange rates, hyperinflation and more. Exercises and diagrams, and a global perspective – incorporating both developed and emerging economies - make this a broadly useful, real-world oriented text on a complex and shifting subject.
Book Synopsis Macroeconomic Theory by : Douglas Fisher
Download or read book Macroeconomic Theory written by Douglas Fisher and published by London : MacMillan. This book was released on 1983 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Output, Inflation and Growth by : David Culloden Rowan
Download or read book Output, Inflation and Growth written by David Culloden Rowan and published by . This book was released on 1968 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomic Theory and Policy by : Frank Zahn
Download or read book Macroeconomic Theory and Policy written by Frank Zahn and published by Prentice Hall. This book was released on 1975 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomic Theory and Policy by : William H. Branson
Download or read book Macroeconomic Theory and Policy written by William H. Branson and published by . This book was released on 1972 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: USA. Textbook on macroeconomics, macroeconomic theory and macroeconomic policy - presents a static equilibrium model for national income determination, and covers sectoral demand functions, consumption and consumer expenditure, investment demand, monetary policy and fiscal policy, foreign investment, the balance of payments, economic growth and growth models, employment and inflation, etc. Diagrams and references.
Book Synopsis Finance & Development, September 2014 by : International Monetary Fund. External Relations Dept.
Download or read book Finance & Development, September 2014 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 2014-08-25 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.
Book Synopsis Introduction to Macroeconomic Theory by : Gerald Sirkin
Download or read book Introduction to Macroeconomic Theory written by Gerald Sirkin and published by . This book was released on 1970 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Lectures on Macroeconomics by : Olivier Blanchard
Download or read book Lectures on Macroeconomics written by Olivier Blanchard and published by MIT Press. This book was released on 1989-03-21 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices. Lectures on Macroeconomics provides the first comprehensive description and evaluation of macroeconomic theory in many years. While the authors' perspective is broad, they clearly state their assessment of what is important and what is not as they present the essence of macroeconomic theory today.The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices. The most important fact of modern economic history is persistent long term growth, but as the book makes clear, this growth is far from steady. The authors analyze and explore these fluctuations. Topics include consumption and investment; the Overlapping Generations Model; money; multiple equilibria, bubbles, and stability; the role of nominal rigidities; competitive equilibrium business cycles, nominal rigidities and economic fluctuations, goods, labor and credit markets; and monetary and fiscal policy issues. Each of chapters 2 through 9 discusses models appropriate to the topic. Chapter 10 then draws on the previous chapters, asks which models are the workhorses of macroeconomics, and sets the models out in convenient form. A concluding chapter analyzes the goals of economic policy, monetary policy, fiscal policy, and dynamic inconsistency. Written as a text for graduate students with some background in macroeconomics, statistics, and econometrics, Lectures on Macroeconomics also presents topics in a self contained way that makes it a suitable reference for professional economists.
Book Synopsis Macroeconomic Theory by : Gardner Ackley
Download or read book Macroeconomic Theory written by Gardner Ackley and published by . This book was released on 1961 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is basically concerned with the problems of unemployment, economic instability, inflation, and economic growth.
