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Author : Hansjörg Klausinger
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (573 download)
Download or read book Walras' Law and the IS-LM Model written by Hansjörg Klausinger and published by . This book was released on 2000 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yair Listokin
Publisher : Harvard University Press
ISBN 13 : 0674976053
Total Pages : 281 pages
Book Rating : 4.6/5 (749 download)
Download or read book Law and Macroeconomics written by Yair Listokin and published by Harvard University Press. This book was released on 2019-03-11 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: After 2008, private-sector spending took a decade to recover. Yair Listokin thinks we can respond more quickly to the next meltdown by reviving and refashioning a policy approach, used in the New Deal, to harness law’s ability to function as a macroeconomic tool, stimulating or relieving demand as required under certain crisis conditions.
Author : Michel De Vroey
Publisher : Cambridge University Press
ISBN 13 : 0521898439
Total Pages : 451 pages
Book Rating : 4.5/5 (218 download)
Download or read book A History of Macroeconomics from Keynes to Lucas and Beyond written by Michel De Vroey and published by Cambridge University Press. This book was released on 2016-01-08 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.
Author : James Rolph Edwards
Publisher : MacMillan Publishing Company
ISBN 13 :
Total Pages : 520 pages
Book Rating : 4.3/5 ( download)
Download or read book Macroeconomics written by James Rolph Edwards and published by MacMillan Publishing Company. This book was released on 1991 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michel de Vroey
Publisher : History of Political Economy A
ISBN 13 :
Total Pages : 358 pages
Book Rating : 4.:/5 (321 download)
Download or read book The IS-LM Model written by Michel de Vroey and published by History of Political Economy A. This book was released on 2004 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: For some twenty-five years after the end of the Second World War, the IS-LM model dominated macroeconomics. Inspired by the work of John Maynard Keynes, this model demonstrates the relationship among savings, income, investments, and interest rates, showing the point at which the interaction of these elements produces "equilibrium" in an economy. With the advent of the new classical macroeconomics in the early 1970s, the dominance of the IS-LM model was effectively challenged. While no longer central to the graduate training of most macroeconomists or to cutting-edge macroeconomic research, the IS-LM model continues to be a mainstay of undergraduate textbooks, to find wide use in applied macroeconomics, and to lie at the conceptual core of most government and commercial macroeconometric models. This volume, the annual supplement to History of Political Economy, explores the rise, the fall, and the persistence of the IS-LM model. In addition to presenting papers from the History of Political Economy conference held at Duke University in April 2003, the volume includes the text of an address delivered at the conference by Nobel laureate Robert E. Lucas Jr., one of the central players in the intellectual movement that dethroned the IS-LM model. Contributors. Roger E. Backhouse, Mauro Boianovsky, Michael Bordo, David Colander, William Darity Jr., Michel De Vroey, Robert W. Dimand, Kevin D. Hoover, David Laidler, Robert E. Lucas Jr., Edward Nelson, Goulven Rubin, Anna Schwartz, Scott Sumner, Warren Young
Author : Jagdish Handa
Publisher : Routledge
ISBN 13 : 1135981833
Total Pages : 1199 pages
Book Rating : 4.1/5 (359 download)
Download or read book Monetary Economics written by Jagdish Handa and published by Routledge. This book was released on 2008-09-18 with total page 1199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This successful text, now in its second edition, offers the most comprehensive overview of monetary economics and monetary policy currently available. It covers the microeconomic, macroeconomic and monetary policy components of the field. Major features of the new edition include:Stylised facts on money demand and supply, and the relationships betw
Author : Brian Morgan
Publisher : Halsted Press
ISBN 13 : 9780470268858
Total Pages : 196 pages
Book Rating : 4.2/5 (688 download)
Download or read book Monetarists and Keynesians written by Brian Morgan and published by Halsted Press. This book was released on 1980 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Warren Young
Publisher : Springer Science & Business Media
ISBN 13 : 940100644X
Total Pages : 171 pages
Book Rating : 4.4/5 (1 download)
Download or read book IS-LM and Modern Macroeconomics written by Warren Young and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: IS-LM is perhaps the prime example of `cognitive dissonance' in economics, and is problematic to many economists. On the one hand, the IS-LM model is still taught by many academic economists or they use it to derive the AD-AS approach. On the other hand, the same economists realize the limitations of the basic IS-LM model and would not now use it for policy analysis, as they did in the past. The distinction between pedagogical and analytical efficacy is made by all the authors in this volume regarding the IS-LM model. Indeed, even those who would reject using the model for modern policy analysis still see the basic model as useful for teaching purposes. Moreover, in an augmented form, some of the authors in this volume would even see fit to use IS-LM for modern policy analysis. As will be seen, therefore, the IS-LM model is `not yet dead'. Rather, the model's `plasticity' has enabled it to undergo a metamorphosis into augmented form, enabling its continuing utilization in economics accordingly.
Author : Colin Rogers
Publisher : Cambridge University Press
ISBN 13 : 9780521359566
Total Pages : 340 pages
Book Rating : 4.3/5 (595 download)
Download or read book Money, Interest and Capital written by Colin Rogers and published by Cambridge University Press. This book was released on 1989-05-11 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: The novel feature of this study is the application of Keynes' principle of effective demand to demonstrate the existence of a long-run unemployment equilibrium without the assumption of rigid wages.
Author : Chandana Ghosh
Publisher : Springer
ISBN 13 : 9811378886
Total Pages : 258 pages
Book Rating : 4.8/5 (113 download)
Download or read book Keynesian Macroeconomics Beyond the IS-LM Model written by Chandana Ghosh and published by Springer. This book was released on 2019-05-22 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book makes an original and significant contribution to Keynesian macroeconomics. The IS-LM model is a basic workhorse of Keynesian macroeconomics. However, its financial aspects are extremely rudimentary and the link between the real and the financial sector is extremely tenuous. Hence, neither the IS-LM model nor IS-LM-based models can be applied to the major economic issues facing today’s world. This book develops alternative models in the Keynesian tradition that incorporate financial institutions and make explicit the intimate link between the processes of generation of income, saving, credit and expenditure. It subsequently uses these models to address the major current macroeconomic issues that India and the rest of the world are confronted with. In the Indian context, it focuses on the issues of unemployment, growth, recession, bank performance, banking sector reforms and corruption. It also seeks to identify the causes of economic crises in Greece and the US. The analysis reveals a common trend in the economies considered here: the policy framework within which they function is recessionary, exploitative and fosters unemployment, inequality and poverty. Further, this framework is leading these economies farther away from the goal that every civilized society should strive to achieve, namely, providing all citizens with suitably gainful jobs and adequate access to quality food, clothing, shelter, education and health care. The book seeks to identify the cause of this malady, and puts forward policies to remedy it. It thus contains takeaways for academia, think tanks as well as policy makers.
Author : Rainer Maurer
Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (129 download)
Download or read book The Hidden Credit Boom in IS-LM Monetary Policy Analysis written by Rainer Maurer and published by . This book was released on 2009 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that the elimination of the capital market by Walras' Law in the standard IS-LM textbook model hides an interesting aspect of the monetary transmission process of this model. If a look behind the curtain of the IS-LM-presentation of the Keynesian fixed price model is allowed for, this reveals that under quite plausible assumptions, monetary policy can cause a credit boom, which significantly increases its leverage. As is shown, the decisive role monetary policy plays this model is due to the fact that in a fixed price model without money, the interest rate is undetermined. This indeterminacy of the interest rate in the model without money, is the ultimate reason for the strong leverage that monetary policy can exert in the model with money. The analysis shows also that the IS-LM-version of the Keynesian fixed price model can be mathematically derived from different institutional setups of monetary policy, such as a setup, where monetary policy is conducted by open market operations, or a setup, where monetary policy is conducted by financing the government budget.
Author : Bernhard Felderer
Publisher : Springer Science & Business Media
ISBN 13 : 9783540553182
Total Pages : 358 pages
Book Rating : 4.5/5 (531 download)
Download or read book Macroeconomics and New Macroeconomics written by Bernhard Felderer and published by Springer Science & Business Media. This book was released on 1992-08-21 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives a comprehensive account of traditional and more recent developments in macroeconomic theory. It is written primarily for students at the intermediate level. The book differs from the customary expositions in that the authors do not discuss topic by topic but orthodoxy by orthodoxy. Thus, the main approaches, like Classical theory, Keynesian theory, theory of portfolio selection, Monetarism, Rational Expectations theory, and Neokeynesian "disequilibrium" theory are presented in historical order. Each of these approaches is substantiated and criticized in a self-contained chapter, and the authors have taken great pains to bring out the relations and differences between them. A mathematical appendix reviews those mathematical facts which are especially important for macroeconomic models and serves to make the text easy to read.
Author : Roger E. Backhouse
Publisher : Cambridge University Press
ISBN 13 : 110702319X
Total Pages : 239 pages
Book Rating : 4.1/5 (7 download)
Download or read book Transforming Modern Macroeconomics written by Roger E. Backhouse and published by Cambridge University Press. This book was released on 2013 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1950s, macroeconomics has been transformed. This book is about one of the most important aspects of that transformation: the attempt, through the end of the twenty-first century and beyond, to construct macroeconomic models rigorously derived from models of individual firms and households.
Author : R. Dimand
Publisher : Springer
ISBN 13 : 0230276148
Total Pages : 329 pages
Book Rating : 4.2/5 (32 download)
Download or read book Keynes's General Theory After Seventy Years written by R. Dimand and published by Springer. This book was released on 2010-02-03 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive overview of Keynes' contributions to macroeconomics and offers an in-depth analysis of the contested legacy of The General Theory, a book that marked the emergence of modern macroeconomics from the earlier heritage of monetary theory and business cycle and analysis.
Author : Professor Steve Keen
Publisher : Zed Books Ltd.
ISBN 13 : 1780322194
Total Pages : 589 pages
Book Rating : 4.7/5 (83 download)
Download or read book Debunking Economics (Digital Edition - Revised, Expanded and Integrated) written by Professor Steve Keen and published by Zed Books Ltd.. This book was released on 2011-09-22 with total page 589 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debunking Economics exposes what many non-economists may have suspected and a minority of economists have long known: that economic theory is not only unpalatable, but also plain wrong. When the original Debunking was published back in 2001, the market economy seemed invincible, and conventional 'neoclassical' economic theory basked in the limelight. Steve Keen argued that economists deserved none of the credit for the economy's performance, and that 'the false confidence it has engendered in the stability of the market economy has encouraged policy-makers to dismantle some of the institutions which initially evolved to try to keep its instability within limits'. That instability exploded with the devastating financial crisis of 2007, and now haunts the global economy with the prospect of another Depression. In this radically updated and greatly expanded new edition - this version of which includes fully integrated graphs and diagrams - Keen builds on his scathing critique of conventional economic theory whilst explaining what mainstream economists cannot: why the crisis occurred, why it is proving to be intractable, and what needs to be done to end it. Essential for anyone who has ever doubted the advice or reasoning of economists, Debunking Economics provides a signpost to a better future.
Author : Errol D'Souza
Publisher : Pearson Education India
ISBN 13 : 9788131708187
Total Pages : 516 pages
Book Rating : 4.7/5 (81 download)
Download or read book Macroeconomics written by Errol D'Souza and published by Pearson Education India. This book was released on 2009-05 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: Errol D'Souza's Macroeconomics helps students realize the connections between theoretical frameworks and the actual behaviour of the economy; enables instructors to teach macroeconomics concepts within the context of both the Indian and global economy; and provides policymakers with material from current research in macroeconomics. The focus of the book rests on the analysis of macroeconomic thought in terms of the intuition and underlying logic that forms its basis. This book has been designed to help readers think independently about real-world situations, by helping them master the basic technical tools that enable them to do this. At a conceptual level, the book focuses on the most current and relevant issues, while also understanding the fluidity of the subject.
Author : Richard R. Nelson
Publisher : Harvard University Press
ISBN 13 : 9780674041431
Total Pages : 456 pages
Book Rating : 4.0/5 (414 download)
Download or read book An Evolutionary Theory of Economic Change written by Richard R. Nelson and published by Harvard University Press. This book was released on 1985-10-15 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.
