Buch, Englisch, 402 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 739 g
Inflation, Wealth and the Exchange Rate
Buch, Englisch, 402 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 739 g
Reihe: Routledge Library Editions: Macroeconomics
ISBN: 978-1-138-94001-7
Verlag: Taylor & Francis Ltd (Sales)
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.
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General, Postgraduate, Professional, and Undergraduate
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Weitere Infos & Material
Part 1: Theory 1. A New Keynesian Framework For Macroeconomic Policy 2. The Linkages Between Financial Weapons and Financial Targets: A Comparative Static Analysis 3. The Dynamics of Price Stabilization 4. Wealth Targets, Stock Instability and Macroeconomic Policy Part 2: Application 5. A Stock-Flow Model with Model-Consistent or Adaptive Expectations 6. Macroeconomic Policy Rule for Economic Stabilization 7. Counterfactual Simulation With Forward-Looking Expectations 8. A Simulation of the Cost-Push Economy 9. The Controlled Economy with Reformed Wages Part 3: Method 10. The Drivation and Use of a Linear Model 11. The Design of Economic Policy Rules Part 4: Conclusion 12. Summary of Results and Conclusions