The Macroeconomics Of Open Economies Under Labour Mobility

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The Macroeconomics of Open Economies Under Labour Mobility

Author : George M Agiomirgianakis
Publisher : Routledge
ISBN 13 : 042980931X
Total Pages : 176 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis The Macroeconomics of Open Economies Under Labour Mobility by : George M Agiomirgianakis

Download or read book The Macroeconomics of Open Economies Under Labour Mobility written by George M Agiomirgianakis and published by Routledge. This book was released on 2019-05-29 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this study recognises the importance of international labour mobility for modern economics. This is in large part due to its effects on the size, age structure and skills of the labour force, the human flow between countries and the expected rise in scale as a result of income differentials, demographic pressures and differential labour-force growth rates along with developments in transport and communications. These migrations are increasingly volatile and unpredictable, whilst being concentrated in regions like Australia, the USA, Sub-Saharan Africa and Western Europe. Given the extensive literature on the microeconomic view, George M. Agiomirgianakis aims to extend the debate on open economy macroeconomics through an exploration of international labour mobilities and their effects on open economies with flexible exchange rates.

Open-Economy Macroeconomics

Author : Helmut Frisch
Publisher : Springer
ISBN 13 : 1349128848
Total Pages : 437 pages
Book Rating : 4.3/5 (491 download)

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Book Synopsis Open-Economy Macroeconomics by : Helmut Frisch

Download or read book Open-Economy Macroeconomics written by Helmut Frisch and published by Springer. This book was released on 2016-07-27 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: The integration of market economies is one of the most remarkable features of international economics, which has important implications for macroeconomic performance in open economies. Equally important is the declining relevance of the real versus the monetary theory dichotomy. These papers focus on those aspects of monetary policy which relate to credibility and non-neutrality; the domestic adjustment to foreign shocks; the interdependence of open economies and their strategic interactions. An important section is also devoted to the innovative modelling of exchange rate dynamics.

Efficiency Wages and Labor Mobility in an Open Economy

Author : Pierre-Richard Agénor
Publisher : International Monetary Fund
ISBN 13 : 1451850166
Total Pages : 42 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Efficiency Wages and Labor Mobility in an Open Economy by : Pierre-Richard Agénor

Download or read book Efficiency Wages and Labor Mobility in an Open Economy written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1993-10-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizing model of a small open economy. The analysis is first conducted in the context of perfect intersectoral labor mobility. The discussion is then extended to consider the existence of short-run constraints on labor movements. The results highlight the role of efficiency considerations in the behavior of sectoral wages. A deflationary policy induces a reallocation of labor across sectors, but has no long-run effect on the unemployment rate.

Open Economy Macroeconomics

Author : Rudiger Dornbusch
Publisher : New York : Basic Books
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Open Economy Macroeconomics by : Rudiger Dornbusch

Download or read book Open Economy Macroeconomics written by Rudiger Dornbusch and published by New York : Basic Books. This book was released on 1980-10-23 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employment, the trade balance and relative prices; Money and payments adjustment; Assets markets, capital mobility, and stabilization policy; Portfolio balance and the current account.

Open Economy Macroeconomics

Author : Asbjørn Rødseth
Publisher : Cambridge University Press
ISBN 13 : 9780521788748
Total Pages : 404 pages
Book Rating : 4.7/5 (887 download)

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Book Synopsis Open Economy Macroeconomics by : Asbjørn Rødseth

Download or read book Open Economy Macroeconomics written by Asbjørn Rødseth and published by Cambridge University Press. This book was released on 2000-09-14 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advanced textbook offering a broad survey of open economy macroeconomics within a unified framework. Rødseth reviews the theories used in government departments, central banks and financial institutions and that form the basis for most quantitative models of open economies. The resulting policy implications are also considered with reference to current European debate. In addition to the theoretical and policy analysis the book also contains a comprehensive survey of the current state of scholarship in this area.

Understanding Migration with Macroeconomics

Author : Eugenia Vella
Publisher : Springer Nature
ISBN 13 : 3030409813
Total Pages : 290 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Understanding Migration with Macroeconomics by : Eugenia Vella

Download or read book Understanding Migration with Macroeconomics written by Eugenia Vella and published by Springer Nature. This book was released on 2020-07-16 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited collection includes (but is not limited to) contributions in the form of chapters from the participants of the Workshop on the Macroeconomics of Migration at the University of Sheffield in June 2018. Migration is one of the most debated issues currently and is a pervasive feature of our economies. While extensive academic work has looked at the microeconomic aspects of migration, an open question is to better understand the links between migration and macroeconomic aggregates, such as per capita GDP. This book explores this overarching question, which has hit the key political and social debates all over Europe. Countries that are traditionally viewed as hosting economies for immigrants, such as for instance the UK and Germany, are concerned by immigration, while sending countries, such as Southern and Eastern European countries, are concerned by emigration. The contributions in this edited collection analyse empirically and theoretically the challenges international economic migration generates both in sending and receiving countries, thus offering a comprehensive approach to the question asked above. The book looks at several important issues in the current debates related to the labour market effects of migration for natives, the bi-directional relation between taxation and migration, migration and the informal economy, migration and business cycle dynamics, and brain waste. This edited collection will be of interest to academics, practitioners and policy makers who wish to take a closer look at the macroeconomic effects of migration and learn more about the current challenges posed by immigration in some countries and emigration in others.

Trade, Growth, and Economic Policy in Open Economies

Author : Karl-Josef Koch
Publisher : Springer Science & Business Media
ISBN 13 : 3662004232
Total Pages : 398 pages
Book Rating : 4.6/5 (62 download)

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Book Synopsis Trade, Growth, and Economic Policy in Open Economies by : Karl-Josef Koch

Download or read book Trade, Growth, and Economic Policy in Open Economies written by Karl-Josef Koch and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part 1 of this volume focusses on globalization. Gains from trade, international competitiveness, labour market issues in open economies, customs unions, dumping and intra-firm trade are the topics of this part. Part 2 puts a stronger emphasis on dynamic economics. Social income, intergenerational transfers, public pension systems, and bequest and gift motives in overlapping generation models are main topics. Economic policies are analyzed in Part 3, including the relation between wage rigidity and migration, several aspects of German financial and monetary policy, as well as tax competition. The volume concludes with institutional issues of globalization, a western view on eastern transition, social cost of rent seeking, and the evolution of social institutions.

Efficiency Wages and Labor Mobility in an Open Economy

Author : Pierre-Richard Agenor
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Efficiency Wages and Labor Mobility in an Open Economy by : Pierre-Richard Agenor

Download or read book Efficiency Wages and Labor Mobility in an Open Economy written by Pierre-Richard Agenor and published by . This book was released on 2006 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizing model of a small open economy. The analysis is first conducted in the context of perfect intersectoral labor mobility. The discussion is then extended to consider the existence of short-run constraints on labor movements. The results highlight the role of efficiency considerations in the behavior of sectoral wages. A deflationary policy induces a reallocation of labor across sectors, but has no long-run effect on the unemployment rate.

Macroeconomic Policy in Open Economies

Author : Michelle Fratianni
Publisher : Greenwood
ISBN 13 :
Total Pages : 600 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Macroeconomic Policy in Open Economies by : Michelle Fratianni

Download or read book Macroeconomic Policy in Open Economies written by Michelle Fratianni and published by Greenwood. This book was released on 1997-05-28 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on the international dimension of macroeconomic policy, this handbook covers the main areas of modern macroeconomic policy in open economies. The emphasis is on policy applications rather than the development of economic theory. There are three basic goals: (1) an understanding of how economic theories affect actual policy making, (2) a description of the institutional and conceptual development of the international economy, and (3) an explanation of the way policy-making institutions deal with the so-called international economy. The handbook consists of an introductory chapter and four parts. The first treats macroeconomic policy-making from the home country versus the rest of the world perspective. The second part stresses policies among interacting and reacting countries. The third part considers the development of world capital markets and the international monetary system as important parts of the policy environment. The final part details macroeconomic policies in the G7 and Latin American countries.

The Open Economy Macromodel: Past, Present and Future

Author : Arie Arnon
Publisher : Springer Science & Business Media
ISBN 13 : 1461510759
Total Pages : 347 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis The Open Economy Macromodel: Past, Present and Future by : Arie Arnon

Download or read book The Open Economy Macromodel: Past, Present and Future written by Arie Arnon and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impetus for the conference that was the basis for this volume emanated from the influence of two brilliant minds-Egon Sohmen and Adam Klug, who both died at an early age, leaving their families and the professions of economics and economic history with major voids. In the course of research on the origins of Open Economy Macroeconomics, the significant contributions of Egon Sohmen came to the fore. After correspondence with some of those involved in the early development of the Open Economy Macromodel, we turned to Adam Klug for his views on the matter-as he had dealt with the history of intertemporal trade models in his Ph. D. thesis. And it was Adam who suggested the idea of a conference bringing together economists and economic historians. At this point we want to acknowledge the very generous grant from the Egon Sohmen Foundation and the active participation of Dr. Helmut Sohmen and Mrs. Renee Sohmen at the conference. We also want to thank Prof. Sir Aaron Klug, Nobel Laureate, and the Klug family for their support and the financial contribution of the Adam Klug Memorial Lecture Fund at Ben Gurion University. Other institutions that contributed to the conference were the Gianni Foundation; Bank of Israel; University of North Carolina; Department of Economics, Faculty of Social Science and Aharon Meir Center for Banking, Bar Ilan University; Department of Economics and Faculty of Social Science, Ben-Gurion University of the Negev.

Monetary Policy and Macroeconomic Stabilization

Author : Ole Roste
Publisher : Routledge
ISBN 13 : 1351504878
Total Pages : 214 pages
Book Rating : 4.3/5 (515 download)

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Book Synopsis Monetary Policy and Macroeconomic Stabilization by : Ole Roste

Download or read book Monetary Policy and Macroeconomic Stabilization written by Ole Roste and published by Routledge. This book was released on 2017-09-08 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a fundamental review and critique of activist economic policies, this book is a unique contribution to classical political economy. "Monetary Policy and Macroeconomic Stabilization" is about macroeconomic stabilization policy, with emphasis on the value of a distinct national monetary policy to growth. Ole Bjorn Roste's argument is for public officials to restrain themselves in the pursuit of policy. As the author notes: when you know less, you should do less.The history of modern macroeconomics started in 1936 with the publication of Keynes' "General Theory of Employment, Interest, and Money". The problems of the Great depression of the 1930s paved the way for a change of focus, from the long run to economic fluctuations in the short run, and from nominal to real variables, such as unemployment and aggregate output.Keynes offered clear policy implications in tune with the times. Because economic adjustment was slow, waiting for the economy to recover by itself was irresponsible. Particularly fiscal policy was essential to return to high employment. Monetary policy could affect aggregate demand through Interest rates, but was less important. Roste discusses the role of monetary policy, starting out with the implications of the theory of optimum currency areas (OCAs). This is followed by estimates of the output loss associated with disinflation policy (the sacrifice ratio) for six OECD economies. Further, Roste models the dynamic adjustment to negative, local labor-market shocks, with particular relevance to Scandinavia, in a final section.The idea that governments should pursue stabilizing fiscal or monetary policies with regard to real variables is often taken for granted by the public, if not by economists. Among the reasons for skepticism, is the presence of differing views on how economies really work, that the state of a given economy becomes known only after a time lag, and that economic agents react to policy and expectations of policy. For these reasons, the effects of policy are generally uncertain. This book explains why the role of history is critical to the study of macroeconomics.p>

Open Macroeconomics in an Open Economy

Author : Edward Balls
Publisher :
ISBN 13 : 9780853285885
Total Pages : 31 pages
Book Rating : 4.2/5 (858 download)

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Book Synopsis Open Macroeconomics in an Open Economy by : Edward Balls

Download or read book Open Macroeconomics in an Open Economy written by Edward Balls and published by . This book was released on 1997 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Finance and Open Economy Macroeconomics

Author : Francisco L. Rivera-Batiz
Publisher : Macmillan College
ISBN 13 :
Total Pages : 616 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis International Finance and Open Economy Macroeconomics by : Francisco L. Rivera-Batiz

Download or read book International Finance and Open Economy Macroeconomics written by Francisco L. Rivera-Batiz and published by Macmillan College. This book was released on 1985 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition contains full coverage of the deregulation and internationalization of banking and finance in the 1980s and 1990s (including a discussion of the growing importance of Japanese finance). It integrates modern international finance and open economy macroeconomics to provide readers with a thorough, accessible, and up-to-date treatment of international finance and economics.

Open Economy Macroeconomics

Author : Martín Uribe
Publisher : Princeton University Press
ISBN 13 : 0691158770
Total Pages : 646 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Open Economy Macroeconomics by : Martín Uribe

Download or read book Open Economy Macroeconomics written by Martín Uribe and published by Princeton University Press. This book was released on 2017-04-04 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cutting-edge graduate-level textbook on the macroeconomics of international trade Combining theoretical models and data in ways unimaginable just a few years ago, open economy macroeconomics has experienced enormous growth over the past several decades. This rigorous and self-contained textbook brings graduate students, scholars, and policymakers to the research frontier and provides the tools and context necessary for new research and policy proposals. Martín Uribe and Stephanie Schmitt-Grohé factor in the discipline's latest developments, including major theoretical advances in incorporating financial and nominal frictions into microfounded dynamic models of the open economy, the availability of macro- and microdata for emerging and developed countries, and a revolution in the tools available to simulate and estimate dynamic stochastic models. The authors begin with a canonical general equilibrium model of an open economy and then build levels of complexity through the coverage of important topics such as international business-cycle analysis, financial frictions as drivers and transmitters of business cycles and global crises, sovereign default, pecuniary externalities, involuntary unemployment, optimal macroprudential policy, and the role of nominal rigidities in shaping optimal exchange-rate policy. Based on courses taught at several universities, Open Economy Macroeconomics is an essential resource for students, researchers, and practitioners. Detailed exploration of international business-cycle analysis Coverage of financial frictions as drivers and transmitters of business cycles and global crises Extensive investigation of nominal rigidities and their role in shaping optimal exchange-rate policy Other topics include fixed exchange-rate regimes, involuntary unemployment, optimal macroprudential policy, and sovereign default and debt sustainability Chapters include exercises and replication codes

Money, Capital Mobility, and Trade

Author : Guillermo A. Calvo
Publisher : MIT Press
ISBN 13 : 9780262532600
Total Pages : 572 pages
Book Rating : 4.5/5 (326 download)

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Book Synopsis Money, Capital Mobility, and Trade by : Guillermo A. Calvo

Download or read book Money, Capital Mobility, and Trade written by Guillermo A. Calvo and published by MIT Press. This book was released on 2004 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays by leading economists and scholars reflecting on Mundell's broad influence on modern open-economy macroeconomics.

Understanding Interdependence

Author : Peter B. Kenen
Publisher : Princeton University Press
ISBN 13 : 0691231133
Total Pages : 566 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Understanding Interdependence by : Peter B. Kenen

Download or read book Understanding Interdependence written by Peter B. Kenen and published by Princeton University Press. This book was released on 2021-06-08 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing together new papers by some of today's leading figures in international economics and finance, Understanding Interdependence surveys the current state of knowledge on the international monetary system and, by implication, defines the research horizon for the future. Covering topics including the behavior of exchange rates, the choice of exchange-rate regime, current-account adjustment in classical and Keynesian models, the extent and effects of capital mobility, international debt, the stabilization and reform of the formerly planned economies, European monetary union, and international policy coordination, the book underscores the importance of these subjects and identifies lessons for policymakers. The contributors to the volume are Michael Bruno, Ralph C. Bryant, Richard N. Cooper, Michael P. Dooley, Barry Eichengreen, Stanley Fischer, Charles A. E. Goodhart, Peter Hooper, Peter B. Kenen, Paul R. Krugman, Henri Lorie, Jaime Marquez, Ronald I. McKinnon, Michael Mussa, Maurice Obstfeld, John Odling-Smee, Assaf Razin, Dani Rodrik, Mark P. Taylor, and John Williamson.

International Finance and Open-Economy Macroeconomics

Author : Hendrik Van den Berg
Publisher : World Scientific Publishing Company
ISBN 13 : 9814651184
Total Pages : 988 pages
Book Rating : 4.8/5 (146 download)

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Book Synopsis International Finance and Open-Economy Macroeconomics by : Hendrik Van den Berg

Download or read book International Finance and Open-Economy Macroeconomics written by Hendrik Van den Berg and published by World Scientific Publishing Company. This book was released on 2016-02-22 with total page 988 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Finance and Open-Economy Macroeconomics provides a complete theoretical, historical, and policy-focused account of the international financial system that covers all of the standard topics, such as foreign exchange markets, balance of payments accounting, macroeconomic policy in an open economy, exchange rate crises, multinational enterprises, and international financial markets. The book uses the 1944 Bretton Woods Conference as a unifying theme to relate the many controversial issue. It is written in a lively manner to bring real world events into the discussion of all of the concepts, topics, and policy issues. There is also emphasis on the history of economic thought in order to explain how economists in different time periods dealt with international financial issues.