Applied Macroeconomics For Public Policy

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Applied Macroeconomics for Public Policy

Rafael Yanushevsky,Camilla Yanushevsky
Applied Macroeconomics for Public Policy Book PDF

Author : Rafael Yanushevsky,Camilla Yanushevsky
Publisher : Academic Press
Page : 230 pages
File Size : 49,5 Mb
Release : 2018-06-29
Category : Business & Economics
ISBN : 9780128156339

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Applied Macroeconomics for Public Policy by Rafael Yanushevsky,Camilla Yanushevsky Pdf

Applied Macroeconomics for Public Policy applies system and control theory approaches to macroeconomic problems. The book shows how to build simple and efficient macroeconomic models for policy analysis. By using these models, instead of complex multi-criteria models with uncertain parameters, readers will gain new certainty in macroeconomic decision-making. As high debt to GDP ratios cause problems in societies, this book provides insights on improving economies during and after economic downturns. Provides a detailed analysis of existing macroeconomic models Addresses the dynamics of debt to GDP ratio and the effects of fiscal and monetary policy on this ratio Shows how to use models to evaluate the dynamics of the debt to GDP ratio in cases of government spending and tax cuts and to decide whether such economic measures are efficient Uses optimal theory to obtain optimal yearly debt levels to reach the established goals (decrease debt or balance budget) Provides many examples and software exercises to promote learning by doing

Applied Economics and Public Policy

Iain Begg,Brian Henry
Applied Economics and Public Policy Book PDF

Author : Iain Begg,Brian Henry
Publisher : Cambridge University Press
Page : 317 pages
File Size : 46,7 Mb
Release : 1998-03-28
Category : Business & Economics
ISBN : 9780521624145

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Applied Economics and Public Policy by Iain Begg,Brian Henry Pdf

Applied economics is both an art and a science. It requires a sound knowledge of economic theory, statistical techniques and data sources, together with an appreciation that behavioural changes can alter apparently established economic relationships. In this book leading economists illustrate the diversity of the subject, and present a series of studies that demonstrate a range of techniques and their applications to economic policy. It contains chapters which explore approaches to macroeconomic modelling analyses of corporate performance, new estimates of the evolution of incomes in the UK since the eighteenth century and assessments of the role of applied economics in guiding macroeconomic policy. All the chapters were specially commissioned to mark the fiftieth anniversary of the Department of Applied Economics at the University of Cambridge, and the contributions to the book are a fitting tribute to the work instigated by Sir Richard Stone and carried forward by his successors.

The Macroeconomics of Corruption

Maksym Ivanyna,Alex Mourmouras,Peter Rangazas
The Macroeconomics of Corruption Book PDF

Author : Maksym Ivanyna,Alex Mourmouras,Peter Rangazas
Publisher : Springer Nature
Page : 353 pages
File Size : 53,5 Mb
Release : 2021-04-20
Category : Business & Economics
ISBN : 9783030675578

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The Macroeconomics of Corruption by Maksym Ivanyna,Alex Mourmouras,Peter Rangazas Pdf

This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. It merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income inequality within and across countries, growth slowdowns, and fiscal crises. Revised and updated to include new research findings and recent policy discussions, the second edition contains 15 new sections and 2 new chapters on topics such as public defaults, the wage elasticity of work and the interest elasticity of saving, and the economic and fiscal impact of the 2020 pandemic. Most of the basic ideas are illustrated using a two-period model of government investment that captures the future cost of policies that favor the present. The more subtle and advanced issues are illustrated and, in some cases, quantified, using the overlapping-generations model of economic growth. The models used to illustrate the mechanisms of economic growth are extended to incorporate politics and the behavior of public official. The text concludes with a thorough discussion of policy reforms designed to address the issues discussed in earlier chapters. Intended for students familiar with intermediate-level economics, the second edition contains a technical appendix, expanded end-of-chapter questions and problems, and a complete solutions manual. The second edition also offers updated resources for instructors, including sample syllabi and over 550 multiple choice questions. Offering a unified explanation for the causes and consequences of government failure, fiscal crisis, and needed policy reforms, this text is appropriate for advanced undergraduate and beginning graduate courses in macroeconomics, political economy, and public policy.

Advanced Macroeconomics

Filipe R. Campante,Federico Sturzenegger,Andrés Velasco
Advanced Macroeconomics Book PDF

Author : Filipe R. Campante,Federico Sturzenegger,Andrés Velasco
Publisher : LSE Press
Page : 420 pages
File Size : 51,9 Mb
Release : 2021-10-11
Category : Business & Economics
ISBN : 9781909890701

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Advanced Macroeconomics by Filipe R. Campante,Federico Sturzenegger,Andrés Velasco Pdf

Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is practiced. At the same time, doctoral-level textbooks are usually not targeted at a policy audience, making advanced macroeconomics less accessible to current and aspiring practitioners. This book, born out of the Masters course the authors taught for many years at the Harvard Kennedy School, fills this gap. It introduces the tools of dynamic optimization in the context of economic growth, and then applies them to a wide range of policy questions – ranging from pensions, consumption, investment and finance, to the most recent developments in fiscal and monetary policy. It does so with the requisite rigor, but also with a light touch, and an unyielding focus on their application to policy-making, as befits the authors’ own practical experience. Advanced Macroeconomics: An Easy Guide is bound to become a great resource for graduate and advanced undergraduate students, and practitioners alike.

Macroeconomics for Professionals

Leslie Lipschitz,Susan Schadler
Macroeconomics for Professionals Book PDF

Author : Leslie Lipschitz,Susan Schadler
Publisher : Cambridge University Press
Page : 312 pages
File Size : 51,9 Mb
Release : 2019-01-23
Category : Business & Economics
ISBN : 9781108568463

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Macroeconomics for Professionals by Leslie Lipschitz,Susan Schadler Pdf

Understanding macroeconomic developments and policies in the twenty-first century is daunting: policy-makers face the combined challenges of supporting economic activity and employment, keeping inflation low and risks of financial crises at bay, and navigating the ever-tighter linkages of globalization. Many professionals face demands to evaluate the implications of developments and policies for their business, financial, or public policy decisions. Macroeconomics for Professionals provides a concise, rigorous, yet intuitive framework for assessing a country's macroeconomic outlook and policies. Drawing on years of experience at the International Monetary Fund, Leslie Lipschitz and Susan Schadler have created an operating manual for professional applied economists and all those required to evaluate economic analysis.

Macroeconomic Policy in the Canadian Economy

Panos Afxentiou,Apostolos Serletis
Macroeconomic Policy in the Canadian Economy Book PDF

Author : Panos Afxentiou,Apostolos Serletis
Publisher : Springer
Page : 0 pages
File Size : 41,8 Mb
Release : 2012-10-24
Category : Business & Economics
ISBN : 146135353X

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Macroeconomic Policy in the Canadian Economy by Panos Afxentiou,Apostolos Serletis Pdf

Macroeconomic Policy in the Canadian Economy investigates developments in Canada over the last forty years, using recent advances in the field of applied econometrics. In particular, the book analyzes the theoretical foundations of public sector activities and evaluates the several theories of government growth. Issues of convergence are also investigated as they manifest themselves in per capita income across Canadian provinces, and as to how successful government income equalization policies have been in furthering such convergence. Moreover, the openness of the Canadian economy is investigated in terms of the importance of exports on GDP growth and of its participation in the world of an internationally integrated capital market. The book also analyzes monetary policy issues and investigates the role of monetary aggregates and the effectiveness of monetary policy. Finally, it addresses the issue of the existence or not of electoral and partisan cycles in Canada, by incorporating both fiscal and monetary principles and applying them to the lively world of Canadian politics.

Applied Intermediate Macroeconomics

Kevin D. Hoover
Applied Intermediate Macroeconomics Book PDF

Author : Kevin D. Hoover
Publisher : Cambridge University Press
Page : 941 pages
File Size : 51,5 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780521763882

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Applied Intermediate Macroeconomics by Kevin D. Hoover Pdf

A complete course in applied macroeconomics at the intermediate level that emphasizes the application of economic theory to real-world data and policy.

Fiscal Policy in Dynamic Economies

Kim Heng Tan
Fiscal Policy in Dynamic Economies Book PDF

Author : Kim Heng Tan
Publisher : Routledge
Page : 238 pages
File Size : 51,9 Mb
Release : 2016-06-03
Category : Business & Economics
ISBN : 9781134870059

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Fiscal Policy in Dynamic Economies by Kim Heng Tan Pdf

The role of fiscal policy in short-run macroeconomic stabilization is, by now, well known in the academic literature and in policy circles. However, this focus on the short-run, especially in a democracy, means that much less attention has been paid to the other consequences of the use of fiscal policy. By studying the intergenerational-welfare aspects of fiscal policy, this book deals with some fundamental issues of fiscal policy. Why does public debt tend to rise over time in democracies? Why is there a tendency for government spending on consumption and on social security to grow? Why do governments fail to invest in public capital adequately? Should a dollar transferred from the young be treated as a dollar transferred to the old? By studying the international aspects of fiscal policy, the book establishes international differences in fiscal policy as determinants of persistent trade imbalances and international indebtedness. It also considers some basic questions on international transfers and austerity in open economies. What criteria should be used to define a successful foreign-aid programme? Why is foreign aid likely to fail in a world of global wealth disparity? Can reliance be placed on the international coordination of austerity to improve welfare in the long run? Is austerity accompanied by international transfers superior to austerity unaccompanied by international transfers? This book based on the OLG model fills a gap on fiscal-policy issues in the recent spate of books on overlapping generations.

Economic and Monetary Union Macroeconomic Policies

P. Arestis,Malcolm Sawyer
Economic and Monetary Union Macroeconomic Policies Book PDF

Author : P. Arestis,Malcolm Sawyer
Publisher : Palgrave Macmillan
Page : 236 pages
File Size : 46,9 Mb
Release : 2013-01-01
Category : Business & Economics
ISBN : 1349312576

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Economic and Monetary Union Macroeconomic Policies by P. Arestis,Malcolm Sawyer Pdf

This book focuses on the construction of the economic policies of the Economic and Monetary Union (EMU) and its institutions. It reviews the faltering economic performance of the EMU countries before and after the onset of the financial crisis.

Alternative Approaches in Macroeconomics

Philip Arestis
Alternative Approaches in Macroeconomics Book PDF

Author : Philip Arestis
Publisher : Springer
Page : 362 pages
File Size : 49,5 Mb
Release : 2018-02-07
Category : Business & Economics
ISBN : 9783319696768

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Alternative Approaches in Macroeconomics by Philip Arestis Pdf

This book honours Professor John McCombie’s retirement by exploring a variety of themes, theories and debates in non-orthodox macroeconomics. With contributions from leading scholars, the book covers diverse ground in economic thought, policy, empirical work and modelling. It demonstrates ongoing presumptions and asks probing questions of topical questions from the increase of income equality to the international variation of productivity investment. This collection will appeal to academics and students with an interest in the history of macroeconomic thinking.

Public Finance and Public Policy

Arye L. Hillman
Public Finance and Public Policy Book PDF

Author : Arye L. Hillman
Publisher : Cambridge University Press
Page : 861 pages
File Size : 45,8 Mb
Release : 2009-04-06
Category : Business & Economics
ISBN : 9781139475372

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Public Finance and Public Policy by Arye L. Hillman Pdf

The second edition of Public Finance and Public Policy retains the first edition's themes of investigation of responsibilities and limitations of government. The present edition has been rewritten and restructured. Public choice and political economy concepts and political and bureaucratic principal-agent problems are introduced at the beginning for application to later topics. Fairness, envy, hyperbolic discounting, and other concepts of behavioral economics are integrated throughout. The consequences of asymmetric information and the tradeoff between efficiency and ex-post equality are recurring themes. Key themes investigated are markets and governments, institutions and governance, public goods, public finance for public goods, market corrections (externalities and paternalist public policies), voting, social justice, entitlements and equality of opportunity, choice of taxation, and the need for government. The purpose of the book is to provide an accessible introduction to the use of public finance and public policy to improve on market outcomes.

Macroeconomics

William M. Scarth
Macroeconomics Book PDF

Author : William M. Scarth
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 50,9 Mb
Release : 2014
Category : Macroeconomics
ISBN : 1781953872

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Macroeconomics by William M. Scarth Pdf

This important textbook offers a comprehensive look into the two main traditions in contemporary macroeconomics ? New Classical and Keynesian ? and examines the work of economists who have drawn on principles from both traditions to form a new, integrated approach known as New Neoclassical Synthesis. Importantly, this provides the theoretical foundation for much of current mainstream economics and the work done by central banks around the world. With a dual focus on research methods and policy applications, this book bridges the gap between intermediate macroeconomic and advanced graduate-level texts, making it an ideal resource for senior undergraduate and Masters students in applied economics programs. Key topics include: ? a concise summary of intermediate macroeconomics, including the foundational ideas of both the New Classical and Keynesian traditions? the Lucas critique of standard methods for evaluating policy design? debt sustainability and austerity vs. stimulation debate? optimal inflation rates? tax reform and growth analysis? alternative monetary policies for pursuing price stability? theories of unemployment.Students and instructors will find additional useful resources on the book's companion website, including practice questions for each chapter

Taxation, Government Spending and Economic Growth

Philip Booth,Ryan Bourne,Rory Meakin,Lucy Minford,Patrick Minford,David B. Smith
Taxation Government Spending and Economic Growth Book PDF

Author : Philip Booth,Ryan Bourne,Rory Meakin,Lucy Minford,Patrick Minford,David B. Smith
Publisher : London Publishing Partnership
Page : 256 pages
File Size : 48,8 Mb
Release : 2016-11-01
Category : Political Science
ISBN : 9780255367356

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Taxation, Government Spending and Economic Growth by Philip Booth,Ryan Bourne,Rory Meakin,Lucy Minford,Patrick Minford,David B. Smith Pdf

Amidst the debates about ‘austerity’ a number of vital debates in public finance have been sidelined. Because the reductions in government spending – small though they have been so far- have been designed to reduce the government’s borrowing requirement, there has been little discussion of whether the size of the state should be reduced in order to facilitate long-run reductions in the burden of taxation. This book traces the history of the growth of the size of the state over the last 100 years whilst also making international comparisons. There is a particular focus on recent and projected future developments which shows that, though the total level of government spending has not decreased significantly in recent years, there has been a big redirection of spending from some areas to others. The authors then examine the evidence on the relationship between taxation and economic growth. As well as reviewing recent literature, they also undertake new modelling that higher taxes are detrimental for growth. In the final part of the book, the whole UK tax system is reconsidered in a proper economic framework. The UK has one of the world’s most complex tax systems and its incoherence has increased over the last five years. Sweeping reforms are proposed to the system which wold involve abolishing around 20 taxes and the development of a simple, predictable tax system based on principles that should gain wide acceptance.

The Integration of Macro and Microeconomic Relations in Dynamic Policy Models

Ary Lars Bovenberg
The Integration of Macro and Microeconomic Relations in Dynamic Policy Models Book PDF

Author : Ary Lars Bovenberg
Publisher : International Monetary Fund
Page : 24 pages
File Size : 53,9 Mb
Release : 1990-04-01
Category : Business & Economics
ISBN : 9781451978759

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The Integration of Macro and Microeconomic Relations in Dynamic Policy Models by Ary Lars Bovenberg Pdf

This paper examines how two types of fiscal policy models, namely, dynamic macroeconomic models and applied general equilibrium models, have integrated macro- and microeconomic relationships within a framework of intertemporal equilibrium. After emphasizing the potential advantages of integrating macro- and microeconomic relations, the study discusses the limitations of intertemporal equilibrium models--in particular the weaknesses of saving and investment theories incorporated in the models. It concludes that, despite recent important advances, policymakers need to exercise caution when they interpret results derived from these models.

Political Power and Economic Policy

Gordon C. Rausser,Johan Swinnen,Pinhas Zusman
Political Power and Economic Policy Book PDF

Author : Gordon C. Rausser,Johan Swinnen,Pinhas Zusman
Publisher : Cambridge University Press
Page : 498 pages
File Size : 52,7 Mb
Release : 2011-09-30
Category : Political Science
ISBN : 9781139499842

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Political Power and Economic Policy by Gordon C. Rausser,Johan Swinnen,Pinhas Zusman Pdf

This book analyzes the links between political economics, governance structures and the distribution of political power in economic policy making. The book theoretically explains and empirically quantifies these interactions. The analysis includes both public good policies and redistributive policies. Part I of the book presents the conceptual foundations of political-economic bargaining and interest group analysis. After presenting the underlying theory, Part II of the book examines ideology, prescription and political power coefficients; Part III analyzes a number of specific structures; and Part IV presents a framework for political econometrics with a number of empirical applications and testable hypotheses. In all four parts of the book, four analytical dimensions of public policy are distinguished: governance structures, political economy, mechanism design and incidence.