Macroeconomic Policy
Routledge (Verlag)
978-1-138-94001-7 (ISBN)
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.
Martin Weale, Andrew Blake, Nicos Christodoulakis, James Meade, David Vines
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
Erscheint lt. Verlag | 15.9.2015 |
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Reihe/Serie | Routledge Library Editions: Macroeconomics |
Verlagsort | London |
Sprache | englisch |
Maße | 156 x 234 mm |
Gewicht | 703 g |
Themenwelt | Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie |
Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie | |
ISBN-10 | 1-138-94001-1 / 1138940011 |
ISBN-13 | 978-1-138-94001-7 / 9781138940017 |
Zustand | Neuware |
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