Macroeconomic Theory And Its Failings

Author : Steven Kates
Publisher : Edward Elgar Publishing
ISBN 13 : 1849803390
Total Pages : 305 pages
Book Rating : 4.97/5 ( download)

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Download or read book Macroeconomic Theory and Its Failings written by Steven Kates and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative book focuses on the current global financial crisis and the inadequacies of the economic theories being used to guide policy. In so doing, it tackles the economic theories that have been used firstly to understand its causes and thereafter to contain the damage it has brought.

Author : Kamran Dadkhah
Publisher : Springer Science & Business Media
ISBN 13 : 3540770089
Total Pages : 274 pages
Book Rating : 4.84/5 ( download)

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Download or read book The Evolution of Macroeconomic Theory and Policy written by Kamran Dadkhah and published by Springer Science & Business Media. This book was released on 2009-07-25 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Depression of the 1930s gave birth to a branch of economics christened macroeconomics. This highly readable book presents an unconventional and timely perspective on macroeconomics – the interplay of theory and policy in a historical context.

Author : Gardner Ackley
Publisher :
ISBN 13 :
Total Pages : 710 pages
Book Rating : 4.98/5 ( download)

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Download or read book Macroeconomic Theory written by Gardner Ackley and published by . This book was released on 1961 with total page 710 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is basically concerned with the problems of unemployment, economic instability, inflation, and economic growth.

Author : Geoffrey Schneider
Publisher : Taylor & Francis
ISBN 13 : 0429678851
Total Pages : 476 pages
Book Rating : 4.51/5 ( download)

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Download or read book Macroeconomic Principles and Problems written by Geoffrey Schneider and published by Taylor & Francis. This book was released on 2022-09-29 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic Principles and Problems: A Pluralist Introduction offers a comprehensive overview of the major topics in modern macroeconomics, from mainstream and heterodox perspectives. This textbook examines the key macroeconomic problems and policy debates facing contemporary society, including economic crises, sustainability, fiscal and monetary policy, government debt, state-led vs. market-led approaches for growth, and unregulated trade vs. protectionism. Written in an engaging style and focused on real-world examples, this textbook brings macroeconomics to life. Multiple examples of how each economic model works, coupled with critical analysis of the assumptions behind them, enable students to develop a sophisticated understanding of the material. Digital supplements are also available for students and instructors. Macroeconomic Principles and Problems offers the most contemporary and complete package for any pluralist macroeconomics principles class.

Author : Philippe Fontaine
Publisher : Routledge
ISBN 13 : 1134716419
Total Pages : 158 pages
Book Rating : 4.18/5 ( download)

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Download or read book Historical Perspectives on Macroeconomics written by Philippe Fontaine and published by Routledge. This book was released on 2005-08-12 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the publication of Keynes's General Theory of Employment, Interest and Money in 1936, macroeconomic theory has altered considerably. Each author in this volume focuses on an issue which either preceded, accompanied or followed the 'Keynesian Revolution' and helped to shape economics in subsequent years. Contributors reconsider some of the major concepts of the "General Theory": unemployment and the identity of income and output. They also highlight some of the controversies in macroeconomic theory and review the macroeconomic policy implications and consequences.

Author : John E. King
Publisher : Springer Science & Business Media
ISBN 13 : 9400918100
Total Pages : 232 pages
Book Rating : 4.08/5 ( download)

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Download or read book An Alternative Macroeconomic Theory: The Kaleckian Model and Post-Keynesian Economics written by John E. King and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: lE. King Michael Kalecki (1899-1970) was one of the most important, and also one of the most underrated, economists of the twentieth century. In the 1930s he made a series of fundamental contributions to macroeconomic theory which anticipated, complemented and in some ways surpassed those of Keynes. Almost entirely self-educated in economics, and influenced rul much by Marxism as by mainstream theory, Kalecki very largely escaped the fatal embrace of pre-Keynesian orthodoxy, which blunted the thrust of the General Theory. Many Post Keynesians, in particular, have found in his work the elements of a convincing alternative to what Joan Robinson -Kalecki's greatest advocate in the English-speaking world - was scathingly to describe as 'bastard Keynesianism' . But Kalecki was never interested in theory for its own sake. He approached economics from a practical perspective, wrote extensively on applied and policy questions, and in the [mal decades of his life turned his attention increasingly to problems of economic development and the management of state socialist economies.

Author : Thomas J. Sargent
Publisher : Harvard University Press
ISBN 13 : 9780674043084
Total Pages : 392 pages
Book Rating : 4.81/5 ( download)

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Download or read book Dynamic Macroeconomic Theory written by Thomas J. Sargent and published by Harvard University Press. This book was released on 2009-06-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tasks of macroeconomics are to interpret observations on economic aggregates in terms of the motivations and constraints of economic agents and to predict the consequences of alternative hypothetical ways of administering government economic policy. General equilibrium models form a convenient context for analyzing such alternative government policies. In the past ten years, the strengths of general equilibrium models and the corresponding deficiencies of Keynesian and monetarist models of the 1960s have induced macroeconomists to begin applying general equilibrium models. This book describes some general equilibrium models that are dynamic, that have been built to help interpret time-series of observations of economic aggregates and to predict the consequences of alternative government interventions. The first part of the book describes dynamic programming, search theory, and real dynamic capital pricing models. Among the applications are stochastic optimal growth models, matching models, arbitrage pricing theories, and theories of interest rates, stock prices, and options. The remaining parts of the book are devoted to issues in monetary theory; currency-in-utility-function models, cash-in-advance models, Townsend turnpike models, and overlapping generations models are all used to study a set of common issues. By putting these models to work on concrete problems in exercises offered throughout the text, Sargent provides insights into the strengths and weaknesses of these models of money. An appendix on functional analysis shows the unity that underlies the mathematics used in disparate areas of rational expectations economics. This book on dynamic equilibrium macroeconomics is suitable for graduate-level courses; a companion book, Exercises in Dynamic Macroeconomic Theory, provides answers to the exercises and is also available from Harvard University Press.

Author : Thomas R. Michl
Publisher : M.E. Sharpe
ISBN 13 : 9780765635211
Total Pages : 354 pages
Book Rating : 4.16/5 ( download)

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Download or read book Macroeconomic Theory written by Thomas R. Michl and published by M.E. Sharpe. This book was released on 2002-10-31 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thoroughly classroom tested, this concise text takes a fresh look at all the key topics in intermediate-level macroeconomic theory with carefully chosen linear versions of the standard models of both the closed and the open economy. The author leaves open the possibility that the standard macroeconomic models are incomplete, and challenges students to form their own opinions. The text's key chapter on inflation replaces the standard assumption of monetary targeting with a central bank reaction function, making the treatment of monetary policy both more realistic and modern. The book also features chapters on the open economy under fixed and floating exchange rates, the classical growth model, and the Solow-Swan growth model.

Author : Ola Olsson
Publisher : Routledge
ISBN 13 : 1136494618
Total Pages : 184 pages
Book Rating : 4.11/5 ( download)

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Download or read book Essentials of Advanced Macroeconomic Theory written by Ola Olsson and published by Routledge. This book was released on 2013-03-01 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trying to summarize the essentials of macroeconomic theory in the wake of the financial crisis that has shaken not only Western economies but also the macroeconomic profession is no easy task. In particular, the notion that markets are self-correcting and always in equilibrium appears to have taken a heavy blow. However, the jury is still out on which areas should be considered as failures and what which constitute the future of research. The overall aim of this text is to provide a compact overview of the contributions that are currently regarded as the most important for macroeconomic analysis and to equip the reader with the essential theoretical knowledge that all advanced students in macroeconomics should be acquainted with. The result is a compact text that should act as the perfect complement to further study of macroeconomics: an introduction to the key concepts discussed in the journal literature and suitable for students from upper undergraduate level through to PhD courses.

Author : Lars Ljungqvist
Publisher : MIT Press
ISBN 13 : 0262038668
Total Pages : 1477 pages
Book Rating : 4.69/5 ( download)

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Download or read book Recursive Macroeconomic Theory, fourth edition written by Lars Ljungqvist and published by MIT Press. This book was released on 2018-09-11 with total page 1477 pages. Available in PDF, EPUB and Kindle. Book excerpt: The substantially revised fourth edition of a widely used text, offering both an introduction to recursive methods and advanced material, mixing tools and sample applications. Recursive methods provide powerful ways to pose and solve problems in dynamic macroeconomics. Recursive Macroeconomic Theory offers both an introduction to recursive methods and more advanced material. Only practice in solving diverse problems fully conveys the advantages of the recursive approach, so the book provides many applications. This fourth edition features two new chapters and substantial revisions to other chapters that demonstrate the power of recursive methods. One new chapter applies the recursive approach to Ramsey taxation and sharply characterizes the time inconsistency of optimal policies. These insights are used in other chapters to simplify recursive formulations of Ramsey plans and credible government policies. The second new chapter explores the mechanics of matching models and identifies a common channel through which productivity shocks are magnified across a variety of matching models. Other chapters have been extended and refined. For example, there is new material on heterogeneous beliefs in both complete and incomplete markets models; and there is a deeper account of forces that shape aggregate labor supply elasticities in lifecycle models. The book is suitable for first- and second-year graduate courses in macroeconomics. Most chapters conclude with exercises; many exercises and examples use Matlab or Python computer programming languages.