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Author : Th van de Klundert
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.X/5 (1 download)
Download or read book Wage Rigidity and Capital Mobility in an Optimizing Model of a Small Open Economy written by Th van de Klundert and published by . This book was released on 1987 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stephen J. Turnovsky
Publisher : MIT Press
ISBN 13 : 9780262201230
Total Pages : 698 pages
Book Rating : 4.2/5 (12 download)
Download or read book Methods of Macroeconomic Dynamics written by Stephen J. Turnovsky and published by MIT Press. This book was released on 2000 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: Just as macroeconomic models describe the overall economy within a changing, or dynamic, framework, the models themselves change over time. In this text Stephen J. Turnovsky reviews in depth several early models as well as a representation of more recent models. They include traditional (backward-looking) models, linear rational expectations (future-looking) models, intertemporal optimization models, endogenous growth models, and continuous time stochastic models. The author uses examples from both closed and open economies. Whereas others commonly introduce models in a closed context, tacking on a brief discussion of the model in an open economy, Turnovsky integrates the two perspectives throughout to reflect the increasingly international outlook of the field. This new edition has been extensively revised. It contains a new chapter on optimal monetary and fiscal policy, and the coverage of growth theory has been expanded substantially. The range of growth models considered has been extended, with particular attention devoted to transitional dynamics and nonscale growth. The book includes cutting-edge research and unpublished data, including much of the author's own work.
Author : Stephen J. Turnovsky
Publisher : MIT Press
ISBN 13 : 9780262201117
Total Pages : 514 pages
Book Rating : 4.2/5 (11 download)
Download or read book International Macroeconomic Dynamics written by Stephen J. Turnovsky and published by MIT Press. This book was released on 1997 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Macroeconomic Dynamics provides extensive applications of important macroeconomic dynamic models to the international economy. For a long time, the study of macroeconomics has focused almost exclusively on a closed economy and downplayed the role of international transactions. Today, however, researchers recognize that one cannot fully understand domestic macroeconomic relationships without considering the global economy within which each country operates. Increasingly, economists are treating international transactions as an integral part of the macroeconomic system, and international macroeconomics has become an area of intensive research activity. International Macroeconomic Dynamics provides extensive applications of important macroeconomic dynamic models to the international economy. It adopts the main contemporary macroeconomic framework, the representative agent model, and develops a series of models of increasing complexity. The author considers both small and large economies and analyzes them in both deterministic and stochastic contexts. The emphasis is very much on the development of the analytical models; a novel feature is the extensive use of continuous-time stochastic methods. While the author applies the models to a range of important policy issues, particularly issues of fiscal policy, the reader is invited to view the analyses as blueprints for other applications.
Author : Davide Debortoli
Publisher : International Monetary Fund
ISBN 13 : 1484311752
Total Pages : 56 pages
Book Rating : 4.4/5 (843 download)
Download or read book Designing a Simple Loss Function for Central Banks written by Davide Debortoli and published by International Monetary Fund. This book was released on 2017-07-21 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Yes, it makes a lot of sense. This paper studies how to design simple loss functions for central banks, as parsimonious approximations to social welfare. We show, both analytically and quantitatively, that simple loss functions should feature a high weight on measures of economic activity, sometimes even larger than the weight on inflation. Two main factors drive our result. First, stabilizing economic activity also stabilizes other welfare relevant variables. Second, the estimated model features mitigated inflation distortions due to a low elasticity of substitution between monopolistic goods and a low interest rate sensitivity of demand. The result holds up in the presence of measurement errors, with large shocks that generate a trade-off between stabilizing inflation and resource utilization, and also when ensuring a low probability of hitting the zero lower bound on interest rates.
Author : Franz Gehrels
Publisher : Springer Science & Business Media
ISBN 13 : 3642841988
Total Pages : 308 pages
Book Rating : 4.6/5 (428 download)
Download or read book Real Adjustment Processes under Floating Exchange Rates written by Franz Gehrels and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Helmut Schneider 1. The Formulation of the Research Programme 1. In the late sixties the acceleration of US inflation revived the discussion of the fifties about the superiority of flexible exchange rates: The US balance of payments deteriorated since 1965, the dollar shortage after World War II changed to a dollar surplus. The import of US inflation by their main trading partners intensified political pressures so that at the beginning of the seventies most leading countries decided, contrary to the rules of the Bretton Woods agreement, to stop their intervention in the market for foreign exchange and to let the exchange rates be determined by market forces. It is worthwhile recalling that at that time one had only very limited experience with the regime of flexible exchange rates: The most important case, the floating of Canadian against the US dollar, could not be generalized to a world where nearly all important countries adhered to the regime of flexible exchange rates. ! - But one really had rich experience with destabilizing capital flows (or "hot money") that forced monetary authorities to adjust exchange rates in a system of managed flexibility to the expecta tions of "speculators".
Author : Aart de Zeeuw
Publisher : Academic Press
ISBN 13 :
Total Pages : 276 pages
Book Rating : 4.F/5 ( download)
Download or read book Advanced Lectures in Quantitative Economics II written by Aart de Zeeuw and published by Academic Press. This book was released on 1993-07-20 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a series of lectures recently given to researchers and students in quantitative economics by an international group of distinguished scholars. The topics covered are at the forefront of recent developments of research in economics and econometrics. The book is divided into three sections: Microeconomics, Macroeconomics and Econometrics. The section on Microeconomics contains chapters on the economics of destitution and an overview of general equilibrium theory with incomplete markets. The section on Macroeconomics contains chapters on the new endogenous growth theory and the microeconomic underpinning of dynamic international macroeconomic models. The section on Econometrics contains chapters on the rapidly expanding literature for GARCH models of volatility, empirical analysis of time series and asymptotic estimation theory for nonlinear econometric models. This will be essential reading for graduate students and researchers in economics, econometrics and finance.
Author : Hideyuki Adachi
Publisher : World Scientific
ISBN 13 : 9814619590
Total Pages : 350 pages
Book Rating : 4.8/5 (146 download)
Download or read book Studies In Medium-run Macroeconomics: Growth, Fluctuations, Unemployment, Inequality And Policies written by Hideyuki Adachi and published by World Scientific. This book was released on 2015-03-26 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique volume consists of studies on medium-run macroeconomics that deal with aggregate economic issues that do not easily fit into either short-run business cycles or long-term growth. This research area has emerged over last decade as a new and distinct field, and needs further explorations.The book includes theoretical as well as empirical studies that cover topics related to medium-run phenomena, such as ‘growth and fluctuations’, ‘wages and unemployment’, ‘financial instabilities’, ‘ firm size distributions and unbalanced growth’, ‘income inequality’, etc.. Every chapter includes new approach or new findings and will be invaluable to developments in this emerging area of research.
Author :
Publisher :
ISBN 13 :
Total Pages : 1142 pages
Book Rating : 4.:/5 (318 download)
Download or read book Journal of Economic Literature written by and published by . This book was released on 1990 with total page 1142 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Neil R. Ericsson
Publisher :
ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.3/5 ( download)
Download or read book The Lucas Critique in Practice written by Neil R. Ericsson and published by . This book was released on 1995 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Neil Rankin
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.X/5 (1 download)
Download or read book Exchange Rate Risk and Imperfect Capital Mobility in an Optimizing Macromodel written by Neil Rankin and published by . This book was released on 1991 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael J. Artis
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.X/5 (1 download)
Download or read book A Two-country Model with Asymmetric Phillips Curves and Intervention in the Foreign Exchange Market written by Michael J. Artis and published by . This book was released on 1987 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stephanie Schmitt-Grohé
Publisher : Princeton University Press
ISBN 13 : 0691170649
Total Pages : 482 pages
Book Rating : 4.6/5 (911 download)
Download or read book International Macroeconomics written by Stephanie Schmitt-Grohé and published by Princeton University Press. This book was released on 2022-09-06 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential introduction to one of the most timely and important subjects in economics International Macroeconomics presents a rigorous and theoretically elegant treatment of real-world international macroeconomic problems, incorporating the latest economic research while maintaining a microfounded, optimizing, and dynamic general equilibrium approach. This one-of-a-kind textbook introduces a basic model and applies it to fundamental questions in international economics, including the determinants of the current account in small and large economies, processes of adjustment to shocks, the determinants of the real exchange rate, the role of fixed and flexible exchange rates in models with nominal rigidities, and interactions between monetary and fiscal policy. The book confronts theoretical predictions using actual data, highlighting both the power and limits of given theories and encouraging critical thinking. Provides a rigorous and elegant treatment of fundamental questions in international macroeconomicsBrings undergraduate and master’s instruction in line with modern economic researchFollows a microfounded, optimizing, and dynamic general equilibrium approachAddresses fundamental questions in international economics, such as the role of capital controls in the presence of financial frictions and balance-of-payments crisesUses real-world data to test the predictions of theoretical modelsFeatures a wealth of exercises at the end of each chapter that challenge students to hone their theoretical skills and scrutinize the empirical relevance of modelsAccompanied by a website with lecture slides for every chapter
Author : Neil Rankin
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.X/5 (1 download)
Download or read book An Intertemporal Version of Mundell's Two-country Flexible Exchange Rates Model with Disquilibrium Microfoundations written by Neil Rankin and published by . This book was released on 1987 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Peter Flaschel
Publisher : Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
ISBN 13 :
Total Pages : 446 pages
Book Rating : 4.X/5 (1 download)
Download or read book Recent Approaches to Economic Dynamics written by Peter Flaschel and published by Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften. This book was released on 1988 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings of the Conference on Dynamic Economic Theory, held Oct. 7-9, 1987, at the University of Bielefeld.
Author : George S. Alogoskoufis
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.X/5 (1 download)
Download or read book On Optimal World Stabilization and the Target Zones Proposal written by George S. Alogoskoufis and published by . This book was released on 1987 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 758 pages
Book Rating : 4.3/5 (91 download)
Download or read book Economic Sciences in the Netherlands written by and published by . This book was released on 1989 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sonja Daltung
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.X/5 (1 download)
Download or read book Optimum Trade Policy Towards Imperfectly Competitive Industries written by Sonja Daltung and published by . This book was released on 1987 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
