The Goals of Macroeconomic Policy

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Publisher : Routledge
ISBN 13 : 1134841434
Total Pages : 113 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis The Goals of Macroeconomic Policy by : Martin Prachowny

Download or read book The Goals of Macroeconomic Policy written by Martin Prachowny and published by Routledge. This book was released on 2012-11-12 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: Politicians win elections by promising 'Jobs! Jobs! Jobs!' but in practice these promises quickly fall by the wayside. The Goals of Macroeconomic Policy asks why. It begins with the observation that there is no convincing economic argument that full employment should be the primary objective of economic policy in all circumstances. In the light of this it examines whcy policy has failed so consistantly. It explains this by a theory of the labour market which shows why most workers are happy to operate in a way which militates against full employment. It then proceeds to analyse the rather dire consequences of this for the budget deficit.

Economics

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Publisher : MacMillan
ISBN 13 : 9780333691830
Total Pages : 359 pages
Book Rating : 4.6/5 (918 download)

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Book Synopsis Economics by : Chris Mulhearn

Download or read book Economics written by Chris Mulhearn and published by MacMillan. This book was released on 1999 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics provides an interactive and illuminating account of the issues facing all economies today. The writing style reflects the nature of discourse of the discipline, providing an analytical rather than a descriptive approach.

Macroeconomic Policy

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Publisher : Routledge
ISBN 13 : 1317379438
Total Pages : 403 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Macroeconomic Policy by : Martin Weale

Download or read book Macroeconomic Policy written by Martin Weale and published by Routledge. This book was released on 2015-10-05 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: This analysis of macroeconomic policy, originally published in 1989, argues that key government objectives, such as reduced inflation, decreased unemployment and an adequate level of national saving can be achieved only by employing both monetary and fiscal policies, in conjunction with supply-side policies expressly designed to improve the workings of the labour market. Part 1 is a comparative analysis showing the effects of monetary and fiscal policy on the economy. Real-wage rigidity in the labour market is shown to have important consequences for the working of both types of policy, because it conditions the economy’s response to tax changes. Part 2 presents an econometric model which combines consistent stock-flow accounts with a full range of expectational effects. Part 3 presents an innovative technique for solving rational expectations models with the need for arbitary terminal conditions.

Macroeconomic Policy

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Publisher : Routledge
ISBN 13 : 1134888686
Total Pages : 224 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis Macroeconomic Policy by : Alan Marin

Download or read book Macroeconomic Policy written by Alan Marin and published by Routledge. This book was released on 2005-08-03 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic Policy examines the central tenets of both Keynesian and Monetarist schools. It begins by examining the aims of macroeconomic policy: low unemployment, low inflation, high levels of output and high rates of growth. In practice these goals interact and policies which promote one are often detrimental to another. As well as examining how the different schools manage the trade-off between goals, the book also considers their distinctive attitude to markets, how they manage concepts of the short and long run and their different notions of uncertainty.

The Objectives of Macro-Economic Policy

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Publisher : Springer
ISBN 13 : 1349011479
Total Pages : 529 pages
Book Rating : 4.3/5 (49 download)

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Book Synopsis The Objectives of Macro-Economic Policy by : Ajit K. Dasgupta

Download or read book The Objectives of Macro-Economic Policy written by Ajit K. Dasgupta and published by Springer. This book was released on 1971-06-18 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Introduction to Business

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Publisher :
ISBN 13 : 9781998109319
Total Pages : 0 pages
Book Rating : 4.1/5 (93 download)

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Book Synopsis Introduction to Business by : Lawrence J. Gitman

Download or read book Introduction to Business written by Lawrence J. Gitman and published by . This book was released on 2023-05-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Objectives of Macro-economic Policy

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Publisher :
ISBN 13 :
Total Pages : 345 pages
Book Rating : 4.:/5 (128 download)

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Book Synopsis Objectives of Macro-economic Policy by : Ajit Kumar Dasgupta

Download or read book Objectives of Macro-economic Policy written by Ajit Kumar Dasgupta and published by . This book was released on 1967 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Macroeconomic Policy in Fragile States

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Publisher : Oxford University Press
ISBN 13 : 0192594540
Total Pages : 496 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis Macroeconomic Policy in Fragile States by : Ralph Chami

Download or read book Macroeconomic Policy in Fragile States written by Ralph Chami and published by Oxford University Press. This book was released on 2021-01-26 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Setting macroeconomic policy is especially difficult in fragile states. Political legitimacy concerns are heightened, raising issues such as who the policymakers are, what incentives they face, and how the process of policymaking is likely to work under limited legitimacy and high uncertainty both about the macroeconomic environment as well as policy effectiveness. In addition, fragility expands the range of policy objectives in ways that may constrain the attainment of standard macroeconomic objectives. Specifically, in the context of fragility policymakers also need to focus on measures to mitigate fragility itself - i.e., they need to address issues such as regional and ethnic economic disparities, youth unemployment, and food price inflation. Socio-political developments around the world have thus pushed policymakers to broaden their toolkit to improve the effectiveness of macroeconomic management in the face of these constraints. The chapters in Macroeconomic Policy in Fragile States address these issues, both by giving an analytical context from which policymakers can build to answer the questions they face in fragile situations as well as by providing lessons drawn from empirical analyses and case studies. The first section of the volume discusses the interactions between political economy considerations and macroeconomic policymaking. The second section covers the private sector environment in fragile states. The third section focuses on macroeconomic policy, especially fiscal policy, monetary policy, exchange rate policy, external flows, and aid effectiveness. The last section explains the role of the IMF in fragile states and concludes by presenting case studies from the Middle East and from Sub-Saharan Africa. The contributors to the volume are economists and political scientists from academia as well as policymakers from international organizations and from countries affected by fragility.

Agenda for the Study of Macroeconomic Policy

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Publisher : Washington, D.C. : American Enterprise Institute
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Agenda for the Study of Macroeconomic Policy by : Herbert Stein

Download or read book Agenda for the Study of Macroeconomic Policy written by Herbert Stein and published by Washington, D.C. : American Enterprise Institute. This book was released on 1983 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research paper on economic analysis of macroeconomic policies since 1980 in the USA - examines the uncertainty and theoretical confusion about the meaning and validity of fiscal policies and monetary policies in achieving stabilization and reducing inflation and unemployment; outlines macroeconomic instruments (incl. Balanced national budget, deficit financing, money supply, income tax and public expenditure reduction, public finance, etc.).

The Macroeconomics of Fiscal Policy

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Publisher :
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis The Macroeconomics of Fiscal Policy by : Richard W. Kopcke

Download or read book The Macroeconomics of Fiscal Policy written by Richard W. Kopcke and published by . This book was released on 2006 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading academics and former policy makers assess the effectiveness of postwar American fiscal policy as questions about the role of fiscal policy once again come to the forefront of economic research and debate. The United States's post-World War II emphasis on activist fiscal policy for short-term economic stabilization was called into question in the 1960s, and by the late 1980s was superseded by the view that fiscal policy should focus on long-run structural concerns. For the past two decades both public policy and economic research emphasized monetary policy as a stabilization tool. But there remain issues in American macroeconomic policy having to do with budget deficits, present and projected, as well as a recent revival of interest in fiscal policy as a stabilization tool. Overall, the academic pendulum is swinging back towards a renewed consideration of fiscal policy. This volume brings together leading researchers and policy makers to assess the effectiveness and consequences of fiscal policy. Drawing on postwar policy experience and recent economic research, this book offers a state-of-the-art consideration of where fiscal policy stands today. Contributors address both the appropriateness of fiscal policy as a tool for short-run macroeconomic stabilization and the longer-term impact of fiscal decisions and economic policy. Topics covered include the legacy of the Reagan administration's tax cuts; whether public policy has encouraged such behavior as "overconsumption," which may foster persistent budget and trade deficits; and, in light of recent experience, how and when fiscal policy might be appropriate as a short-term stabilization tool. Contributors Alan J. Auerbach, Susanto Basu, Olivier J. Blanchard, Alan S. Blinder, Barry P. Bosworth, W. Elliott Brownlee, William H. Buiter, Jonathan Coppel, Jean-Philippe Cotis, Luiz de Mello, James S. Duesenberry, Douglas W. Elmendorf, Eric Engen, Jeffrey A. Frankel, Benjamin M. Friedman, Richard W. Kopcke, Catherine L. Mann, Van Doorn Ooms, Rudolph G. Penner, Alice M. Rivlin, Christopher A. Sims, C. Eugene Steuerle, Geoffrey M.B. Tootell, Robert K. Triest, Edwin M. Truman

What Have We Learned?

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Publisher : MIT Press
ISBN 13 : 0262529858
Total Pages : 369 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis What Have We Learned? by : George A. Akerlof

Download or read book What Have We Learned? written by George A. Akerlof and published by MIT Press. This book was released on 2016-09-02 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Top economists consider how to conduct policy in a world where previous beliefs have been shattered by the recent financial and economic crises. Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and researchers to rethink basic theory. George Akerlof, Nobel Laureate and one of this volume's editors, compares the crisis to a cat stuck in a tree, afraid to move. In April 2013, the International Monetary Fund brought together leading economists and economic policymakers to discuss the slowly emerging contours of the macroeconomic future. This book offers their combined insights. The editors and contributors—who include the Nobel Laureate and bestselling author Joseph Stiglitz, Federal Reserve Vice Chair Janet Yellen, and the former Governor of the Bank of Israel Stanley Fischer—consider the lessons learned from the crisis and its aftermath. They discuss, among other things, post-crisis questions about the traditional policy focus on inflation; macroprudential tools (which focus on the stability of the entire financial system rather than of individual firms) and their effectiveness; fiscal stimulus, public debt, and fiscal consolidation; and exchange rate arrangements.

Principles of Macroeconomics

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Publisher : Oxford University Press
ISBN 13 : 0190990848
Total Pages : 288 pages
Book Rating : 4.1/5 (99 download)

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Book Synopsis Principles of Macroeconomics by : Soumen Sikdar

Download or read book Principles of Macroeconomics written by Soumen Sikdar and published by Oxford University Press. This book was released on 2020-06-12 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Principles of Macroeconomics is a lucid and concise introduction to the theoretical and practical aspects of macroeconomics. This revised and updated third edition covers key macroeconomic issues such as national income, investment, inflation, balance of payments, monetary and fiscal policies, economic growth and banking system. This book also explains the role of the government in guiding the economy along the path of stable prices, low unemployment, sustainable growth, and planned development through many India-centric examples. Special attention has been given to macroeconomic management in a country linked to the global economy. This reader-friendly book presents a wide coverage of relevant themes, updated statistics, chapter-end exercises, and summary points modelled on the Indian context. It will serve as an indispensable introductory resource for students and teachers of macroeconomics.

Economic and Monetary Union Macroeconomic Policies

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Publisher : Springer
ISBN 13 : 1137317892
Total Pages : 367 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Economic and Monetary Union Macroeconomic Policies by : P. Arestis

Download or read book Economic and Monetary Union Macroeconomic Policies written by P. Arestis and published by Springer. This book was released on 2013-11-27 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the construction of the economic policies of the Economic and Monetary Union (EMU) and its institutions. It reviews the faltering economic performance of the EMU countries before and after the onset of the financial crisis.

General Approach to Macroeconomic Policy

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Publisher : Springer
ISBN 13 : 1349106615
Total Pages : 149 pages
Book Rating : 4.3/5 (491 download)

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Book Synopsis General Approach to Macroeconomic Policy by : J. O. N. Perkins

Download or read book General Approach to Macroeconomic Policy written by J. O. N. Perkins and published by Springer. This book was released on 1990-06-18 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: An extension of the analysis of macroeconomic policy from the need to deal with two problems (inflation and unemployment) to include the state of the current account of the balance of payments, and the effect of the level of investment and the state of the balance of payments.

The Macroeconomics of Populism in Latin America

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Publisher : University of Chicago Press
ISBN 13 : 0226158489
Total Pages : 416 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis The Macroeconomics of Populism in Latin America by : Rudiger Dornbusch

Download or read book The Macroeconomics of Populism in Latin America written by Rudiger Dornbusch and published by University of Chicago Press. This book was released on 2007-12-01 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru—and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.

Macroeconomics

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Publisher : Cambridge University Press
ISBN 13 : 1108486940
Total Pages : 255 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Macroeconomics by : Alex M. Thomas

Download or read book Macroeconomics written by Alex M. Thomas and published by Cambridge University Press. This book was released on 2021-09-30 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a lucid and novel introduction to macroeconomic issues and introduces an alternative approach of understanding macroeconomics, which is inspired by the works of Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, and Piero Sraffa. It also presents the reader with a critical account of mainstream marginalist macroeconomics.

The Goals of Macroeconomic Policy

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Publisher :
ISBN 13 : 9780203215227
Total Pages : pages
Book Rating : 4.2/5 (152 download)

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Book Synopsis The Goals of Macroeconomic Policy by : Martin F. J. Prachowny

Download or read book The Goals of Macroeconomic Policy written by Martin F. J. Prachowny and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: