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Author : Rochelle Mary Edge
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.E/5 ( download)
Download or read book The Responses of Wages and Prices to Technology Shocks written by Rochelle Mary Edge and published by . This book was released on 2003 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Pau Rabanal
Publisher : International Monetary Fund
ISBN 13 : 1451875657
Total Pages : 68 pages
Book Rating : 4.4/5 (518 download)
Download or read book Technology Shocks and Aggregate Fluctuations written by Mr.Pau Rabanal and published by International Monetary Fund. This book was released on 2004-12-01 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.
Author :
Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.:/5 (318 download)
Download or read book Economic Review written by and published by . This book was released on 2004 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : George McCandless
Publisher : Harvard University Press
ISBN 13 : 0674033787
Total Pages : 448 pages
Book Rating : 4.6/5 (74 download)
Download or read book The ABCs of RBCs written by George McCandless and published by Harvard University Press. This book was released on 2008-03-31 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ABCs of RBCs is the first book to provide a basic introduction to Real Business Cycle (RBC) and New-Keynesian models. These models argue that random shocks—new inventions, droughts, and wars, in the case of pure RBC models, and monetary and fiscal policy and international investor risk aversion, in more open interpretations—can trigger booms and recessions and can account for much of observed output volatility. George McCandless works through a sequence of these Real Business Cycle and New-Keynesian dynamic stochastic general equilibrium models in fine detail, showing how to solve them, and how to add important extensions to the basic model, such as money, price and wage rigidities, financial markets, and an open economy. The impulse response functions of each new model show how the added feature changes the dynamics. The ABCs of RBCs is designed to teach the economic practitioner or student how to build simple RBC models. Matlab code for solving many of the models is provided, and careful readers should be able to construct, solve, and use their own models. In the tradition of the “freshwater” economic schools of Chicago and Minnesota, McCandless enhances the methods and sophistication of current macroeconomic modeling.
Author : Benjamin M. Friedman
Publisher : Elsevier
ISBN 13 : 0444534717
Total Pages : 1729 pages
Book Rating : 4.4/5 (445 download)
Download or read book Handbook of Monetary Economics vols 3A+3B Set written by Benjamin M. Friedman and published by Elsevier. This book was released on 2010-11-10 with total page 1729 pages. Available in PDF, EPUB and Kindle. Book excerpt: How have monetary policies matured during the last decade? The recent downturn in economies worldwide have put monetary policies in a new spotlight. In addition to their investigations of new tools, models, and assumptions, they look carefully at recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. They also reexamine standard presumptions about the rationality of asset markets and other fundamentals. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship. - Presents extensive coverage of monetary policy theories with an eye toward questions raised by the recent financial crisis - Explores the policies and practices used in formulating and transmitting monetary policies - Questions fiscal-monetary connnections and encourages new thinking about the business cycle itself - Observes changes in the formulation of monetary policies over the last 25 years
Author : Claude Diebolt
Publisher : Springer Science & Business Media
ISBN 13 : 3540285563
Total Pages : 244 pages
Book Rating : 4.5/5 (42 download)
Download or read book New Trends in Macroeconomics written by Claude Diebolt and published by Springer Science & Business Media. This book was released on 2005-11-21 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text provides a new approach to the subject, including a comprehensive survey of novel theoretical approaches, methods, and models used in macroeconomics and macroeconometrics. The book gives extensive insight into economic policy, incorporates a strong international perspective, and offers a broad historical perspective.
Author : William Oliver Coleman
Publisher : Edward Elgar Publishing
ISBN 13 : 1849808112
Total Pages : 251 pages
Book Rating : 4.8/5 (498 download)
Download or read book The Political Economy of Wages and Unemployment written by William Oliver Coleman and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this tightly argued work William Coleman explores the macroeconomic implications of politically based restraints on competition in labour markets. Through a suite of compact models the author investigates the consequences of the labour force securing the best terms of sale for its labour by means of the electoral mechanism. He concludes that such ?electorally optimal' labour regulation can explain not only wage rigidity and unemployment, but also wage volatility; episodes of excess demand for labour; the co-existence of an inefficient state sector with an efficient private sector; and the preference for a minimum wage over a universal wage regulation. Finally, the approach can rationalise nominal wage rigidity, and not solely real wage rigidity. In sum, the analysis promises to both complete the Classical explanation of unemployment by predicting when, why and how real wages will be rigid, and at the same time to better secure Keynesian insights by suggesting how money rigidity may be characteristic of electorally optimal labour regulation.
Author : Benjamin M. Friedman
Publisher : Elsevier
ISBN 13 : 0444532382
Total Pages : 755 pages
Book Rating : 4.4/5 (445 download)
Download or read book Handbook of Monetary Economics 3A written by Benjamin M. Friedman and published by Elsevier. This book was released on 2010-11-17 with total page 755 pages. Available in PDF, EPUB and Kindle. Book excerpt: How have monetary policies matured during the last decade? The recent downturn in economies worldwide have put monetary policies in a new spotlight. In addition to their investigations of new tools, models, and assumptions, they look carefully atrecent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. They also reexamine standard presumptions about the rationality of asset markets and other fundamentals. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship. Presents extensive coverage of monetary policy theories with an eye toward questions raised by the recent financial crisis Explores the policies and practices used in formulating and transmitting monetary policiesQuestions fiscal-monetary connections and encourages new thinking about the business cycle itself Observes changes in the formulation of monetary policies over the last 25 years.
Author : Ben S. Bernanke
Publisher : MIT Press
ISBN 13 : 9780262523233
Total Pages : 398 pages
Book Rating : 4.5/5 (232 download)
Download or read book NBER Macroeconomics Annual 2001 written by Ben S. Bernanke and published by MIT Press. This book was released on 2002 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Current issues in macroeconomics.
Author : Jan-Egbert Sturm
Publisher : Springer Science & Business Media
ISBN 13 : 3790816051
Total Pages : 232 pages
Book Rating : 4.7/5 (98 download)
Download or read book Ifo Survey Data in Business Cycle and Monetary Policy Analysis written by Jan-Egbert Sturm and published by Springer Science & Business Media. This book was released on 2006-03-30 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: A pilot ?ying to a distant city needs to check his position, ?ight path and weather conditions, and must constantly keep his plane under control to land safely.TheIfosurveydataprovideadvanceinformationonchangingeconomic weather conditions and help keep the economy under control. To be sure, by their very nature they only provide short-term information. But like a plane, the economy will not be able to reach its long-term goals if it strays o? course in the short term. The Ifo survey data provide the most comprehensive and accurate, - to-date database in Europe on the state of the business cycle, and the Ifo climate indicator, sometimes simply called “The Ifo”, is the most frequently cited indicator of its kind in Europe. Both the European stock market and theeuroreacttoourindicator.Ifo’smethodologyfordeterminingthebusiness climateindicatorhasbeenexportedtomorethan?ftycountries,mostrecently toTurkeyandChina.TheIfopeoplewereproudtohavebeenaskedtohelpset up polling systems in these countries. It is said that the Chinese government relies more on their “Ifo indicator” than on their o?cial accounting statistics.
Author : Maral Shamloo
Publisher : International Monetary Fund
ISBN 13 : 1451982666
Total Pages : 52 pages
Book Rating : 4.4/5 (519 download)
Download or read book Price Setting in a Model with Production Chains written by Maral Shamloo and published by International Monetary Fund. This book was released on 2010-03-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reconciling the high frequency of price changes at the micro level and their apparent rigidity at the aggregate level has been the subject of considerable debate in macroeconomics recently. In this paper I show that incorporating production chains in a standard New- Keynesian model replicates two stylized facts about the data. First, sectoral prices respond with significantly different speeds to aggregate shocks. Meanwhile, the responses to sectorspecific shocks are similar. Second, the standard price setting models are unable to quantitatively match the amount of monetary non-neutrality observed in the data. I argue, First, that the input-output linkages in production generate different responses to aggregate shocks across sectors. Second, calibrating this model to the US data can create five times more monetary non-neutrality in response to nominal shocks compared to an equivalent homogeneous economy with intermediate inputs. Finally, the model implies that upstream industries respond faster to aggregate shocks compared to downstream industries. I show that this prediction is supported by the data.
Author : Steven Durlauf
Publisher : Springer
ISBN 13 : 0230280854
Total Pages : 395 pages
Book Rating : 4.2/5 (32 download)
Download or read book Monetary Economics written by Steven Durlauf and published by Springer. This book was released on 2016-04-30 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.
Author : Jordi Galí
Publisher : University of Chicago Press
ISBN 13 : 0226278875
Total Pages : 663 pages
Book Rating : 4.2/5 (262 download)
Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
Author : United States. Congress. Senate. Committee on Agriculture and Forestry
Publisher :
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.0/5 (1 download)
Download or read book President's Farm Message, 1959 written by United States. Congress. Senate. Committee on Agriculture and Forestry and published by . This book was released on 1959 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard G. Lipsey
Publisher :
ISBN 13 : 0198791038
Total Pages : 789 pages
Book Rating : 4.1/5 (987 download)
Download or read book Economics written by Richard G. Lipsey and published by . This book was released on 2020 with total page 789 pages. Available in PDF, EPUB and Kindle. Book excerpt: An illuminating and robust introduction to economics principles, the fourteenth edition of Lipsey and Chrystal's established textbook continues to provide complete coverage for those new to micro and macroeconomics. The authors help students to understand the subject matter through a combination of lucid explanation and supportive learning features which encourage independent thought. The principles are examined through a theoretical lens before empirical examples demonstrate how the concepts work in practice. The applied nature of the models is further emphasised by case studies from around the world, which encourage students to develop and contextualise their understanding of the key themes. Suitable for beginners, the authors provide in-depth explanations of key theoretical concepts which relate to a wide range of applied material. End-of-chapter questions give students the opportunity to test their knowledge and advance their critical thinking skills.Economics undergraduates studying a core module on the principles of economics. It may also be suitable for students taking business, management, or finance and accounting degrees who are taking a module which introduces economics.This book is accompanied by online resource to support both students and lecturers. For students:- Self-test questions- Flashcard glossary- Additional chapter material - Web links For lecturers:- PowerPoint slides - Instructor's manual- Test bank- Additional chapters covering Economics of Developing Countries and Macroeconomic Policy in an Open Economy
Author : Timothy Tregarthen
Publisher : Macmillan
ISBN 13 : 9781572598867
Total Pages : 436 pages
Book Rating : 4.5/5 (988 download)
Download or read book Microeconomics Study Guide written by Timothy Tregarthen and published by Macmillan. This book was released on 1999-12-15 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jens Rubart
Publisher : Springer Science & Business Media
ISBN 13 : 3540699562
Total Pages : 212 pages
Book Rating : 4.5/5 (46 download)
Download or read book The Employment Effects of Technological Change written by Jens Rubart and published by Springer Science & Business Media. This book was released on 2007-08-15 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an empirical and theoretical examination of the short- and medium run impacts of technological advances on the employment and wages of workers which differ in their earned educational degree. Furthermore, by introducing labor market frictions and wage setting institutions the author shows the importance of such imperfections in order to replicate empirical facts.
