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Sources And Propagation Of International Output Cycles
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Book Synopsis NBER International Seminar on Macroeconomics 2004 by : Richard H. Clarida
Download or read book NBER International Seminar on Macroeconomics 2004 written by Richard H. Clarida and published by MIT Press. This book was released on 2006 with total page 551 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading American and European economists discuss monetary and fiscal policy from a global macroeconomic perspective and analyze the implications of European integration; cutting-edge research presented in a companion volume to the NBER Macroeconomics Annual.
Book Synopsis Development Macroeconomics by : Subrata Ghatak
Download or read book Development Macroeconomics written by Subrata Ghatak and published by Routledge. This book was released on 2009-03-09 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: This brings together relevant papers on macro-, monetary and development economics from many eminent economists from all over the world who are closely associated with the works of Late Professor Anita Ghatak of Greenwich University, UK who was an expert in the field of macroeconomics and econometrics. It comprises a variety of articles which are highly significant in the analysis of macroeconomic policies both in developed and in-transition economies. There are several main topics covered in this book such as the test of new theories of economic growth and convergence and the use of dynamic and rigorous time-series econometric methods for analysing money demand functions in transition economies. This work details the meaning of economic development and the comparative analysis of the recent growth of India and China, also the modelling of the macroeconomics of poverty reduction and the monetary policy rules in transition economies. Lastly, the research analyses the Asian Financial crisis, the impact of migration on investment and economic growth and international consumption patterns.
Book Synopsis EMU and Portfolio Adjustment by : Kpate Adjaouté
Download or read book EMU and Portfolio Adjustment written by Kpate Adjaouté and published by Centre for Economic Policy Research. This book was released on 2000 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The advent of the euro is a significant event for portfolio managers, both within and outside the monetary union. The euro will affect portfolio decisions through a variety of channels and the emergence of a single currency marks the disappearance of explicit and psychological barriers to international investing. The set of investment opportunities qualifying as 'domestic' is expanding, while the need for diversification across currencies must now be met by an increased demand for assets which are not denominated in euros. This paper examines the principal factors influencing the portfolio reallocation process following the introduction of the euro. Three broad categories of possible portfolio allocation are considered: domestic versus non-domestic investment, debt versus equity investment, and public debt versus private debt investment.
Download or read book Globalisation written by Joachim Scheide and published by Duncker & Humblot. This book was released on 2015 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the integration of goods, capital and financial markets has progressed on a global scale. The 66th annual meeting of the Association of German Economics Research Institutes (ARGE) focused on the question of national macroeconomic policies in an environment of increasingly interdependent business cycles.In the first paper of the volume, Koll gives a general introduction to the history of business cycles co-movement. Koll also highlights the responsibility of national governments as global players.The first section deals with the evolution of business cycle synchronization. Flaig, Sturm and Woitek conclude that, while the oil shocks of the 70s induced strong co-movements in business cycles, German unification led to a divergence of national cycles. The paper by Fichtner concentrates not only on business cycle synchronization over time but introduces an analysis on the transmission mechanisms at work. Fichtner finds that common shocks and technology spillovers account for most of the co-movement in output.The second section explains some of the individual transmission mechanisms in greater detail. Horn examines how business confidence carries over from one country to another and finds evidence that positive expectations in the US strengthen German confidence and that this relationship has become stronger over time. Schröder quantifies the role of the transmission of stock market investors' confidence in the relationship between US and German GDP. He distinguishes between the pure investor expectation effect and the direct influence of stock markets on real GDP and finds a direct causal impact.The third section concentrates on economic policy and its implications. Kuhn analyzes the transmission of monetary policy shocks and finds the transmission mechanism via interest rate co-movements to be more important than that via trade and the exchange rate mechanism. Middendorf and Radmacher-Nottelmann explore the importance of multinationals in the transmission of economic business cycles. Macro evidence suggests a synchronization of investment behavior. Micro evidence, however, reveals only a weak impact of multinationals on business cycle synchronization.This AEQ supplement should be essential reading for anyone, whether academic or practitioner, with an interest in future macroeconomic policy options in an increasingly integrated economic environment. InhaltsverzeichnisInhalt: W. Koll, Economic Policy in the Light of New Forms of International Business-Cycle Convergence - G. Flaig / J.-E. Sturm / U. Woitek, International Synchronization of National Business Cycles? - M. J. M. Neumann, Comment - F. Fichtner, Germany and the European Business Cycle. An Analysis of Causal Relations in an International Real Business Cycle Model - B. Lucke, Comment - G. A. Horn, US Outlook and German Confidence. Does the Confidence Channel Work? - C. Dreger, Comment - M. Schröder, Interactions between U.S. and German GDP: The Role of Stock Markets - H. Entorf, Comment - A. Kuhn, The International Transmission of Monetary Policy Shocks: Evidence for Selected OECD Countries - V. Clausen, Comment - T. Middendorf / N. A. Radmacher-Nottelmann, Business Cycle Transmission and MNE Activity. Macroeconomic Patterns and Microeconomic Evidence - A. Jungmittag, Comment
Book Synopsis Reconstructing Keynesian Macroeconomics Volume 2 by : Carl Chiarella
Download or read book Reconstructing Keynesian Macroeconomics Volume 2 written by Carl Chiarella and published by Routledge. This book was released on 2013-01-17 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book represents the second of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. In this second volume the authors present a detailed analysis and comparison of two competing types of approaches to Keynesian macroeconomics, one that integrates goods, labour and financial markets, and another from the perspective of a conventional type of LM-analysis or interest-rate policy of the central bank. The authors employ rigorous dynamic macro-models of a descriptive and applicable nature, which will be of interest to all macroeconomists who use formal model-building in their investigations. The research in this book with its focus on Keynesian propagation mechanisms provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics. The main conclusion of the work is that policy makers need to reconsider Keynesian ideas, but in the modern form in which they are expressed in this volume. Reconstructing Keynesian Macroeconomics will be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism. This book will also engage central bankers and macroeconomic policy makers.
Book Synopsis Regional Research Frontiers - Vol. 2 by : Randall Jackson
Download or read book Regional Research Frontiers - Vol. 2 written by Randall Jackson and published by Springer. This book was released on 2017-04-17 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second volume in a two-part series on frontiers in regional research. It identifies methodological advances as well as trends and future developments in regional systems modelling and open science. Building on recent methodological and modelling advances, as well as on extensive policy-analysis experience, top international regional scientists identify and evaluate emerging new conceptual and methodological trends and directions in regional research. Topics such as dynamic interindustry modelling, computable general equilibrium models, exploratory spatial data analysis, geographic information science, spatial econometrics and other advanced methods are the central focus of this book. The volume provides insights into the latest developments in object orientation, open source, and workflow systems, all in support of open science. It will appeal to a wide readership, from regional scientists and economists to geographers, quantitatively oriented regional planners and other related disciplines. It offers a source of relevant information for academic researchers and policy analysts in government, and is also suitable for advanced teaching courses on regional and spatial science, economics and political science.
Book Synopsis NBER International Seminar on Macroeconomics by :
Download or read book NBER International Seminar on Macroeconomics written by and published by . This book was released on 2006 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Heckscher-Ohlin Business Cycles by : Alejandro Cuñat
Download or read book Heckscher-Ohlin Business Cycles written by Alejandro Cuñat and published by . This book was released on 2002 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Journal of the Japanese and International Economies by :
Download or read book Journal of the Japanese and International Economies written by and published by . This book was released on 2004 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Global Economic Prospects, January 2016 by : WorldBank
Download or read book Global Economic Prospects, January 2016 written by WorldBank and published by World Bank Publications. This book was released on 2016-01-21 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: The January 2016 edition of Global Economic Prospects discusses current global and regional economic developments and prospects, analyzing key challenges and opportunities confronting developing countries. This volume addresses, among other topics, spillovers from large emerging markets and macroeconomic vulnerabilities during resource development. Global Economic Prospects is a World Bank Group Flagship Report. Semiannually (January and June), it examines global economic developments and prospects, with a special focus on developing countries. The report includes analysis of topical policy challenges faced by developing countries through in-depth research in the January edition and shorter analytical pieces in the June edition.
Book Synopsis Hong Kong Output Dynamics by : Yin-Wong Cheung
Download or read book Hong Kong Output Dynamics written by Yin-Wong Cheung and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Journal of Economic Dynamics & Control by :
Download or read book Journal of Economic Dynamics & Control written by and published by . This book was released on 2002 with total page 1136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Southern Economic Journal written by and published by . This book was released on 2002 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Reserve Bank of India Occasional Papers by :
Download or read book Reserve Bank of India Occasional Papers written by and published by . This book was released on 2001 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Conference Record by : Johannes Huber (Prof. Dr.-Ing.)
Download or read book Conference Record written by Johannes Huber (Prof. Dr.-Ing.) and published by Margret Schneider. This book was released on 2004 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Hysteresis and Business Cycles by : Ms.Valerie Cerra
Download or read book Hysteresis and Business Cycles written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2020-05-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Book Synopsis Quarterly Economic Commentary by : Terence J. Baker
Download or read book Quarterly Economic Commentary written by Terence J. Baker and published by . This book was released on 2007 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: