Emerging Topics In Macroeconomics

Author : Richard O. Bailly
Publisher : Unknown
Page : 384 pages
File Size : 47,6 Mb
Release : 2009
Category : Business & Economics
ISBN : STANFORD:36105124157830

Get Book

Emerging Topics in Macroeconomics by Richard O. Bailly Pdf

This book is devoted to new research on macroeconomics which is a branch of economics that deals with the performance, structure, and behaviour of a national or regional economy as a whole. Along with microeconomics, macroeconomics is one of the two most general fields in economics. Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indexes to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance. In contrast, microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behaviour determines prices and quantities in specific markets. While macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the attempt to understand the causes and consequences of short-run fluctuations in national income (the business cycle), and the attempt to understand the determinants of long-run economic growth (increases in national income). Macroeconomic models and their forecasts are used by both governments and large corporations to assist in the development and evaluation of economic policy and business strategy.

Author : Claude Diebolt,Catherine Kyrtsou
Publisher : Springer Science & Business Media
Page : 244 pages
File Size : 51,7 Mb
Release : 2005-11-21
Category : Business & Economics
ISBN : 9783540285564

Get Book

New Trends in Macroeconomics by Claude Diebolt,Catherine Kyrtsou Pdf

This text provides a new approach to the subject, including a comprehensive survey of novel theoretical approaches, methods, and models used in macroeconomics and macroeconometrics. The book gives extensive insight into economic policy, incorporates a strong international perspective, and offers a broad historical perspective.

Author : Musa Jega Ibrahim
Publisher : BoD – Books on Demand
Page : 101 pages
File Size : 51,5 Mb
Release : 2017-09-13
Category : Business & Economics
ISBN : 9789535135296

Get Book

Emerging Issues in Economics and Development by Musa Jega Ibrahim Pdf

Economics is about understanding the rational behaviour of economic agents (households, firms, industries and government) in their decisions to achieve best outcomes of their goals and aspirations. They collectively converge to achieve the utmost economic and social benefits for all in the country in terms of economic growth and development. Economic growth and development occur through efficient use of available resources to meet effective demand and social needs. The challenge that countries are facing is proper application of appropriate policy mix to optimize the opportunities of increasingly interdependent global economic landscape. For emerging economies, a multiple sector strategy that propels economic transformation is crucial. This needs to be predicated on robust macroeconomic policy framework that aligns with global production and consumption activities to drive economic growth process for achieving sustainable development.

Author : Stephanie Schmitt-Grohé,Martín Uribe,Michael Woodford
Publisher : Princeton University Press
Page : 482 pages
File Size : 45,6 Mb
Release : 2022-09-06
Category : Business & Economics
ISBN : 9780691170640

Get Book

International Macroeconomics by Stephanie Schmitt-Grohé,Martín Uribe,Michael Woodford Pdf

An essential introduction to one of the most timely and important subjects in economics International Macroeconomics presents a rigorous and theoretically elegant treatment of real-world international macroeconomic problems, incorporating the latest economic research while maintaining a microfounded, optimizing, and dynamic general equilibrium approach. This one-of-a-kind textbook introduces a basic model and applies it to fundamental questions in international economics, including the determinants of the current account in small and large economies, processes of adjustment to shocks, the determinants of the real exchange rate, the role of fixed and flexible exchange rates in models with nominal rigidities, and interactions between monetary and fiscal policy. The book confronts theoretical predictions using actual data, highlighting both the power and limits of given theories and encouraging critical thinking. Provides a rigorous and elegant treatment of fundamental questions in international macroeconomicsBrings undergraduate and master’s instruction in line with modern economic researchFollows a microfounded, optimizing, and dynamic general equilibrium approachAddresses fundamental questions in international economics, such as the role of capital controls in the presence of financial frictions and balance-of-payments crisesUses real-world data to test the predictions of theoretical modelsFeatures a wealth of exercises at the end of each chapter that challenge students to hone their theoretical skills and scrutinize the empirical relevance of modelsAccompanied by a website with lecture slides for every chapter

Author : Peter J. Montiel
Publisher : Cambridge University Press
Page : 460 pages
File Size : 45,5 Mb
Release : 2003-04-10
Category : Business & Economics
ISBN : 0521785510

Get Book

Macroeconomics in Emerging Markets by Peter J. Montiel Pdf

This book is a rigorous, yet nonmathematical analysis of key macroeconomic issues faced by emerging economies. The first part develops an analytical framework that can be used as a workhorse model to study short-run macroeconomic issues of stabilization and adjustment in such economies, comparable to the IS-LM framework widely used in intermediate-level macroeconomics textbooks for industrial countries. The rest of the book considers fiscal issues, financial sector issues, and issues concerning exchange rate regimes and policies. In the fiscal area, the focus is on the formulation of intertemporal policies, i.e. fiscal sustainability, seigniorage, and the roles of central bank independence and privatization of public enterprises in achieving fiscal credibility. The analysis of the financial sector examines its role in promoting welfare and growth. Finally, the book explores recent developments in the theory of appropriate exchange rate regimes and management, and provides an overview of currency crises.

Author : Claude Diebolt,Catherine Kyrtsou
Publisher : Springer
Page : 238 pages
File Size : 51,5 Mb
Release : 2009-09-02
Category : Business & Economics
ISBN : 3540801529

Get Book

New Trends in Macroeconomics by Claude Diebolt,Catherine Kyrtsou Pdf

This text provides a new approach to the subject, including a comprehensive survey of novel theoretical approaches, methods, and models used in macroeconomics and macroeconometrics. The book gives extensive insight into economic policy, incorporates a strong international perspective, and offers a broad historical perspective.

Author : Jonathan M. Harris,Neva R. Goodwin
Publisher : Edward Elgar Publishing
Page : 304 pages
File Size : 46,8 Mb
Release : 2003
Category : Business & Economics
ISBN : STANFORD:36105118022552

Get Book

New Thinking in Macroeconomics by Jonathan M. Harris,Neva R. Goodwin Pdf

Presenting new and innovative perspectives on macroeconomics at the national and international level, the editors bring together contributions on a wide range of topics including: social, institutional and environmental perspectives; current issues of globalization; transitional economies; inequity; unemployment; national and international debt; and the relationship of macroeconomic policies to the environment. The contributors draw on expertise in a variety of areas to provide insight into debates on macroeconomic policy in the US and Europe, as well as in developing and transitional economies. instability and crisis in national and global systems; the evolution of macroeconomic institutions to stabilize and guide economic growth; the paradoxes of globalization, the dangers of unrestricted financial flows and the impacts of globalization on national institutional coherence; macro and institutional strategies for the transitional economies of Russia and Eastern Europe; distributional and equity issues, including employment, housing and homelessness; the impact of macroeconomic policy and debt on the environment; and long-term growth and its relationship to well-being and environmental sustainability.

Author : Tohid Atashbar,Rui Aruhan Shi
Publisher : International Monetary Fund
Page : 32 pages
File Size : 49,5 Mb
Release : 2022-12-16
Category : Business & Economics
ISBN : 9798400224713

Get Book

Deep Reinforcement Learning: Emerging Trends in Macroeconomics and Future Prospects by Tohid Atashbar,Rui Aruhan Shi Pdf

The application of Deep Reinforcement Learning (DRL) in economics has been an area of active research in recent years. A number of recent works have shown how deep reinforcement learning can be used to study a variety of economic problems, including optimal policy-making, game theory, and bounded rationality. In this paper, after a theoretical introduction to deep reinforcement learning and various DRL algorithms, we provide an overview of the literature on deep reinforcement learning in economics, with a focus on the main applications of deep reinforcement learning in macromodeling. Then, we analyze the potentials and limitations of deep reinforcement learning in macroeconomics and identify a number of issues that need to be addressed in order for deep reinforcement learning to be more widely used in macro modeling.

Author : Matthew J. Kotchen,Tatyana Deryugina,James H. Stock
Publisher : University of Chicago Press
Page : 275 pages
File Size : 50,7 Mb
Release : 2022-01-24
Category : Business & Economics
ISBN : 9780226821740

Get Book

Environmental and Energy Policy and the Economy by Matthew J. Kotchen,Tatyana Deryugina,James H. Stock Pdf

This volume presents six new papers on environmental and energy economics and policy in the United States. Rebecca Davis, J. Scott Holladay, and Charles Sims analyze recent trends in and forecasts of coal-fired power plant retirements with and without new climate policy. Severin Borenstein and James Bushnell examine the efficiency of pricing for electricity, natural gas, and gasoline. James Archsmith, Erich Muehlegger, and David Rapson provide a prospective analysis of future pathways for electric vehicle adoption. Kenneth Gillingham considers the consequences of such pathways for the design of fuel vehicle economy standards. Frank Wolak investigates the long-term resource adequacy in wholesale electricity markets with significant intermittent renewables. Finally, Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, and Garth Heutel review the state of research on the interactions between business cycles and environmental policy.

Author : Pooja Lakhanpal,Jaydeep Mukherjee,Biswajit Nag,Divya Tuteja
Publisher : Springer Nature
Page : 396 pages
File Size : 51,6 Mb
Release : 2021-05-10
Category : Business & Economics
ISBN : 9789813369733

Get Book

Trade, Investment and Economic Growth by Pooja Lakhanpal,Jaydeep Mukherjee,Biswajit Nag,Divya Tuteja Pdf

The book contributes to the growing literature pertaining to empirical and policy issues in international trade, foreign capital flows and issues in finance, implications for India and emerging economies related to trade and development interface, and analysis of sector level growth and development in India. Further, the focus is on the policy aspects of these themes and their role in fostering economic development in the context of India and other emerging market economies. The discourse focuses mainly on empirical work and econometric details. The relevant issues are investigated using state of the art techniques such as gravity models, panel co-integration, generalized hyperbolic distributions, SEM, FMOLS and Probit models. In addition, detailed literature survey, discussions on data availability, issues related to statistical estimation techniques and a theoretical background, ensure that each chapter significantly contributes to the ever-growing literature on international trade and capital flows. The readers shall find an engaging dialogue on the crucial role played by policy and the trade-capital flows-growth experience of emerging economies. The book is relevant for those who are interested in contemporary issues in trade, growth and finance as well as for students of advanced econometrics who may benefit from the analytical and econometric exposition. The empirical evidences provided here could serve as ready reference for academicians, researchers and policy makers, particularly in emerging economies facing similar challenges.

Author : Masanao Aoki,Angelo Marzollo
Publisher : New York : Academic Press
Page : 444 pages
File Size : 52,8 Mb
Release : 1979
Category : Business & Economics
ISBN : STANFORD:36105035490338

Get Book

New Trends in Dynamic System Theory and Economics by Masanao Aoki,Angelo Marzollo Pdf

Author : Rudiger Dornbusch
Publisher : Unknown
Page : 13 pages
File Size : 54,6 Mb
Release : 1987
Category : Foreign exchange
ISBN : OCLC:16861514

Get Book

Open Economy Macroeconomics by Rudiger Dornbusch Pdf

The paper reviews the directions of research that offer important insights into open economy macroeconomic policy: pricing, waiting and expectations. The pricing discussion centers on the recognition that firms are price setters. This implies that industry shocks such as exchange rate movements or changes in commercial policy have effects on output and prices different from the standard model of a small country under perfect competition. Industrial organization considerations including market structure and product differentiation determine the impact of shocks on output and prices. Extensions of work on irreversible investment, drawing on the option literature, shows the value of waiting. In open economy macroeconomics this theory can be applied not only to questions of employment but also to such topics as the return of capital flight. The expectations literature is being extended to more ambitious stochastic models of policy. If agents extrapolate current disturbances, say in money, and expect a cumulative deviation of money from and initial path there will be large immediate effects of money innovations on exchange rates. These new models extend the Mundell- Fleming models by showing that even small changes in the growth rate of money can bring about large changes, and volatility, in exchange rates

Author : Neva Goodwin,Jonathan M. Harris,Julie A. Nelson,Brian Roach,Mariano Torras
Publisher : Routledge
Page : 496 pages
File Size : 48,6 Mb
Release : 2015-03-12
Category : Business & Economics
ISBN : 9781317465744

Get Book

Macroeconomics in Context by Neva Goodwin,Jonathan M. Harris,Julie A. Nelson,Brian Roach,Mariano Torras Pdf

Macroeconomics in Context lays out the principles of macroeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, Microeconomics in Context, the book is attuned to economic realities--and it has a bargain price. The in Context books offer affordability, engaging treatment of high-interest topics from sustainability to financial crisis and rising inequality, and clear, straightforward presentation of economic theory. Policy issues are presented in context--historical, institutional, social, political, and ethical--and always with reference to human well-being.

Author : Laurent Ferrara,Ignacio Hernando,Daniela Marconi
Publisher : Springer
Page : 298 pages
File Size : 54,7 Mb
Release : 2018-06-13
Category : Business & Economics
ISBN : 9783319790756

Get Book

International Macroeconomics in the Wake of the Global Financial Crisis by Laurent Ferrara,Ignacio Hernando,Daniela Marconi Pdf

This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

Author : Beta Yulianita Gitaharie,Yulianti,Miranti Kartika Dewi
Publisher : Unknown
Page : 418 pages
File Size : 46,5 Mb
Release : 2020
Category : Banks and banking
ISBN : 1536173827

Get Book

Emerging Issues in Economics of Development, Business and Finance by Beta Yulianita Gitaharie,Yulianti,Miranti Kartika Dewi Pdf

"Emerging Issues in Economics of Development, Business and Finance is a resource for academia, practitioners, and policymakers seeking to take part in the discourses of various most updated issues within the shared prolific intersection of the three domains. It discusses headline topics such as how internet penetration and quality may improve a country's productivity, how usage of big data can predict customer churn, how connection with global value chain may stimulate demand for worker, how prominence of CSR disclosure in optimizing firm value along with the reflections of other thought-provoking topics. The configuration of this edited volume manifests the concerted connection between economics of development, business and finance in its four parts, which offer thorough investigation-based evidence on investment, technology and human capital development; corporate social responsibility, big data, and customer behaviour; reporting, auditing, business financial performance; and finance and banking. Articles in these chapters are also completed with executable managerial and policy implications providing handiness to business leaders and policymakers to walk the talk without getting overinvolved with texts and numbers"--