Foundations Of Modern Macroeconomics

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Foundations of Modern Macroeconomics and Foundations of Modern Macroeconomics

Ben Heijdra,Professor of Macroeconomics Ben Heijdra
Foundations of Modern Macroeconomics and Foundations of Modern Macroeconomics Book PDF

Author : Ben Heijdra,Professor of Macroeconomics Ben Heijdra
Publisher : Oxford University Press, USA
Page : 1026 pages
File Size : 46,5 Mb
Release : 2017-11-10
Category : Business & Economics
ISBN : 0198784155

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Foundations of Modern Macroeconomics and Foundations of Modern Macroeconomics by Ben Heijdra,Professor of Macroeconomics Ben Heijdra Pdf

This pack combines a key text in macroeconomics with an invaluable accompanying manual. Consisting of the third edition of Foundations of Modern Macroeconomics and Foundations of Modern Macroeconomics: Exercise and Solutions Manual, it couples together complementary titles in a great value set. The study of macroeconomics can seem a daunting project. The field is complex and sometimes poorly defined and there are a variety of competing approaches. Foundations of Modern Macroeconomics is a guide book for the interested and ambitious student. Non-partisan in its approach, it deals with all the major topics, summarising the important approaches and providing the reader with a coherent angle on all aspects of macroeconomic thought. Each chapter deals with a separate area of macroeconomics, and each contains a summary section of key points and a further reading list. Using nothing more than undergraduate mathematical skills, it takes the student from basic IS-LM style macro models to the state of the art literature on Dynamic Stochastic General Equilibrium, explaining the mathematical tricks used where they are first introduced. Designed to complement the third edition of Foundations of Modern Macroeconomics, the Exercise and Solutions Manual enables students to further sharpen their skills in macroeconomic formulation and solution. It uses worked example models to enable self-study and to allow the reader to begin to build their own models. Both fully updated and substantially revised, these new editions include brand new problems and numerical examples alongside previously uncovered and highly topical subjects such as dynamic programming, competitive risk sharing equilibria and the New Keynesian DSGE approach.

Foundations of Modern Macroeconomics

Ben J. Heijdra
Foundations of Modern Macroeconomics Book PDF

Author : Ben J. Heijdra
Publisher : Oxford University Press
Page : 937 pages
File Size : 46,6 Mb
Release : 2017
Category : Macroeconomics
ISBN : 9780198784135

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Foundations of Modern Macroeconomics by Ben J. Heijdra Pdf

Using nothing more than undergraduate mathematical skills this book takes the reader from basic IS-LM style macro models to the state of the art literature on Dynamic Stochastic General Equilibrium. Dealing with all major topics it summarizes important approaches and provides a coherent angle on macroeconomic thought.

The Foundations of Modern Macroeconomics

Ben J. Heijdra,Frederick van der Ploeg
The Foundations of Modern Macroeconomics Book PDF

Author : Ben J. Heijdra,Frederick van der Ploeg
Publisher : Oxford University Press, USA
Page : 751 pages
File Size : 52,6 Mb
Release : 2002
Category : Business & Economics
ISBN : 0198776179

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The Foundations of Modern Macroeconomics by Ben J. Heijdra,Frederick van der Ploeg Pdf

Advanced macroeconomics can seem a daunting prospect. Complex and poorly defined, infected with a variety of conflicting approaches, it is difficult for the student to get an overall picture of what there is and how it fits in. Foundations of Modern Macroeconomics is aimed at getting round this fundamental problem: it deals with all the major topics, summarizes the important approaches, and gives students a coherent angle on all aspects of macroeconomic thought. Each chapter deals with a separate area of macroeconomics, and each contains a summary section of key points and a further reading list, enabling the student to check what has been learnt and investigate further in other books.

Modern Macroeconomics

Sanjay K. Chugh
Modern Macroeconomics Book PDF

Author : Sanjay K. Chugh
Publisher : MIT Press
Page : 549 pages
File Size : 55,8 Mb
Release : 2015-10-16
Category : Business & Economics
ISBN : 9780262029377

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Modern Macroeconomics by Sanjay K. Chugh Pdf

A textbook that approaches modern macroeconomics through its microeconomic foundations, with an emphasis on financial market connections and policy applications. The modern study and analysis of macroeconomics begins by considering how microeconomic units—consumers and firms—make decisions, and then investigates how these choices interact to yield economy-wide outcomes. This innovative textbook takes this “modern” approach, teaching macroeconomics through its microeconomic foundations. It does so by adopting the representative agent paradigm. By modeling the representative consumer and the representative firm, students will learn to describe macroeconomic outcomes and consider the effects of macroeconomic policies. Unique in its coverage of monopolistic competition, financial markets, and the interaction of fiscal and monetary policy, Modern Macroeconomics is suitable for use in intermediate undergraduate, advanced undergraduate, and graduate level courses. The book first introduces the building blocks of macroeconomics, the heart of which is the representative consumer. It goes on to offer a brief history of macroeconomic thought, including supply-side economics, the Phillips curve, and the New Keynesian framework. It then covers two policy applications, monetary policy and the interaction of monetary and fiscal policy; optimal policy analysis for both the flexible price and the rigid price case; long-run steady states, treating the Solow growth framework and the neoclassical growth model; a search-and-matching framework for the analysis of unemployment; and the application of the tools of modern macroeconomics to “open economy,” or international macroeconomics. End-of-chapter problem sets enable students to apply the concepts they have learned. A separate Solutions Manual will be available for students to purchase. Teaching materials, including complete solutions and slides, will be available to qualified instructors.

Transforming Modern Macroeconomics

Roger E. Backhouse,Mauro Boianovsky
Transforming Modern Macroeconomics Book PDF

Author : Roger E. Backhouse,Mauro Boianovsky
Publisher : Cambridge University Press
Page : 239 pages
File Size : 51,5 Mb
Release : 2013
Category : Business & Economics
ISBN : 9781107023192

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Transforming Modern Macroeconomics by Roger E. Backhouse,Mauro Boianovsky Pdf

Since the 1950s, macroeconomics has been transformed. This book is about one of the most important aspects of that transformation: the attempt, through the end of the twenty-first century and beyond, to construct macroeconomic models rigorously derived from models of individual firms and households.

Foundations of Modern Macroeconomics

Ben J. Heijdra
Foundations of Modern Macroeconomics Book PDF

Author : Ben J. Heijdra
Publisher : Oxford University Press
Page : 507 pages
File Size : 43,6 Mb
Release : 2017
Category : Macroeconomics
ISBN : 9780198784142

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Foundations of Modern Macroeconomics by Ben J. Heijdra Pdf

Fully revised and updated, and including brand new problems and numerical examples, the new edition of 'Foundations of modern macroeconomics: exercise and solutions manual' uses worked example models to enable self-study and to allow the reader to derive conclusions regarding macroeconomic phenomena. Complete with a range of problems with varying degrees of difficulty, it provides solutions, hints, and tips, allowing the diligent reader to not only solve models, but to begin to formulate their own."--Back cover

Foundations of International Macroeconomics

Maurice Obstfeld,Kenneth Rogoff
Foundations of International Macroeconomics Book PDF

Author : Maurice Obstfeld,Kenneth Rogoff
Publisher : MIT Press
Page : 830 pages
File Size : 52,8 Mb
Release : 1996-09-12
Category : Business & Economics
ISBN : 9780262150477

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Foundations of International Macroeconomics by Maurice Obstfeld,Kenneth Rogoff Pdf

Foundations of International Macroeconomics is an innovative text that offers the first integrative modern treatment of the core issues in open economy macroeconomics and finance. With its clear and accessible style, it is suitable for first-year graduate macroeconomics courses as well as graduate courses in international macroeconomics and finance. Each chapter incorporates an extensive and eclectic array of empirical evidence. For the beginning student, these examples provide motivation and aid in understanding the practical value of the economic models developed. For advanced researchers, they highlight key insights and conundrums in the field. Topic coverage includes intertemporal consumption and investment theory, government spending and budget deficits, finance theory and asset pricing, the implications of (and problems inherent in) international capital market integration, growth, inflation and seignorage, policy credibility, real and nominal exchange rate determination, and many interesting special topics such as speculative attacks, target exchange rate zones, and parallels between immigration and capital mobility. Most main results are derived both for the small country and world economy cases. The first seven chapters cover models of the real economy, while the final three chapters incorporate the economy's monetary side, including an innovative approach to bridging the usual chasm between real and monetary models.

Macroeconomics for MBAs and Masters of Finance

Morris A. Davis
Macroeconomics for MBAs and Masters of Finance Book PDF

Author : Morris A. Davis
Publisher : Cambridge University Press
Page : 245 pages
File Size : 52,7 Mb
Release : 2009-11-12
Category : Business & Economics
ISBN : 9780521762472

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Macroeconomics for MBAs and Masters of Finance by Morris A. Davis Pdf

An innovative textbook that provides a concise explanation of the foundations of modern macroeconomic theory and its methods.

A Critical Essay on Modern Macroeconomic Theory

Frank Hahn,Robert M. Solow
A Critical Essay on Modern Macroeconomic Theory Book PDF

Author : Frank Hahn,Robert M. Solow
Publisher : MIT Press
Page : 174 pages
File Size : 51,7 Mb
Release : 1997
Category : Business & Economics
ISBN : 026258154X

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A Critical Essay on Modern Macroeconomic Theory by Frank Hahn,Robert M. Solow Pdf

In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.

A Course in Modern Macroeconomics

Pablo Kurlat
A Course in Modern Macroeconomics Book PDF

Author : Pablo Kurlat
Publisher : Unknown
Page : 317 pages
File Size : 48,6 Mb
Release : 2020-01-14
Category : Electronic
ISBN : 1073566714

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A Course in Modern Macroeconomics by Pablo Kurlat Pdf

This book started as a collection of my teaching notes for the ECON 52 course that I taught at Stanford University. The objective of that course, and of this book, is to introduce students to the ideas and way of thinking of modern macroeconomics in a unified way that is accessible with a moderate amount of maths. Modern macroeconomics emphasizes explicit microeconomic foundations and general equilibrium analysis, combined with various kinds of constraints and market imperfections. When preparing the class I thought none of the existing textbooks conveyed this in a way that I liked, so I prepared my own notes, which then grew into this book. While mostly self-contained, the book is probably most useful to students who are familiar with the basics of multivariable calculus and have taken a calculus-based microeconomics class.

A Modern Guide to Macroeconomics

Brian Snowdon,Howard R. Vane,Peter Wynarczyk
A Modern Guide to Macroeconomics Book PDF

Author : Brian Snowdon,Howard R. Vane,Peter Wynarczyk
Publisher : Edward Elgar Publishing
Page : 532 pages
File Size : 48,6 Mb
Release : 1994
Category : Comparative economics
ISBN : STANFORD:36105009708046

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A Modern Guide to Macroeconomics by Brian Snowdon,Howard R. Vane,Peter Wynarczyk Pdf

This work provides up-to-date discussions of recent developments in modern macroeconomics; it also features interviews with leading economists that aim to shed new light on the major intellectual and policy issues of the 1990s.

Macroeconomic Fluctuations and Policies

Edouard Challe
Macroeconomic Fluctuations and Policies Book PDF

Author : Edouard Challe
Publisher : MIT Press
Page : 361 pages
File Size : 52,5 Mb
Release : 2023-09-19
Category : Business & Economics
ISBN : 9780262549295

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Macroeconomic Fluctuations and Policies by Edouard Challe Pdf

The basic tools for analyzing macroeconomic fluctuations and policies, applied to concrete issues and presented within an integrated New Keynesian framework. This textbook presents the basic tools for analyzing macroeconomic fluctuations and policies and applies them to contemporary issues. It employs a unified New Keynesian framework for understanding business cycles, major crises, and macroeconomic policies, introducing students to the approach most often used in academic macroeconomic analysis and by central banks and international institutions. The book addresses such topics as how recessions and crises spread; what instruments central banks and governments have to stimulate activity when private demand is weak; and what “unconventional” macroeconomic policies might work when conventional monetary policy loses its effectiveness (as has happened in many countries in the aftermath of the Great Recession.). The text introduces the foundations of modern business cycle theory through the notions of aggregate demand and aggregate supply, and then applies the theory to the study of regular business-cycle fluctuations in output, inflation, and employment. It considers conventional monetary and fiscal policies aimed at stabilizing the business cycle, and examines unconventional macroeconomic policies, including forward guidance and quantitative easing, in situations of “liquidity trap”—deep crises in which conventional policies are either ineffective or have very different effects than in normal time. This book is the first to use the New Keynesian framework at the advanced undergraduate level, connecting undergraduate learning not only with the more advanced tools taught at the graduate level but also with the large body of policy-oriented research in academic journals. End-of-chapter problems help students master the materials presented.

Rethinking Expectations

Roman Frydman,Edmund S. Phelps
Rethinking Expectations Book PDF

Author : Roman Frydman,Edmund S. Phelps
Publisher : Princeton University Press
Page : 440 pages
File Size : 51,8 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780691155234

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Rethinking Expectations by Roman Frydman,Edmund S. Phelps Pdf

This book originated from a 2010 conference marking the fortieth anniversary of the publication of the landmark "Phelps volume," Microeconomic Foundations of Employment and Inflation Theory, a book that is often credited with pioneering the currently dominant approach to macroeconomic analysis. However, in their provocative introductory essay, Roman Frydman and Edmund Phelps argue that the vast majority of macroeconomic and finance models developed over the last four decades derailed, rather than built on, the Phelps volume's "microfoundations" approach. Whereas the contributors to the 1970 volume recognized the fundamental importance of according market participants' expectations an autonomous role, contemporary models rely on the rational expectations hypothesis (REH), which rules out such a role by design. The financial crisis that began in 2007, preceded by a spectacular boom and bust in asset prices that REH models implied could never happen, has spurred a quest for fresh approaches to macroeconomic analysis. While the alternatives to REH presented in Rethinking Expectations differ from the approach taken in the original Phelps volume, they are notable for returning to its major theme: understanding aggregate outcomes requires according expectations an autonomous role. In the introductory essay, Frydman and Phelps interpret the various efforts to reconstruct the field--some of which promise to chart its direction for decades to come. The contributors include Philippe Aghion, Sheila Dow, George W. Evans, Roger E. A. Farmer, Roman Frydman, Michael D. Goldberg, Roger Guesnerie, Seppo Honkapohja, Katarina Juselius, Enisse Kharroubi, Blake LeBaron, Edmund S. Phelps, John B. Taylor, Michael Woodford, and Gylfi Zoega.

Macroeconomics

Wendy Carlin,David Soskice
Macroeconomics Book PDF

Author : Wendy Carlin,David Soskice
Publisher : Unknown
Page : 866 pages
File Size : 55,5 Mb
Release : 2006
Category : Business & Economics
ISBN : STANFORD:36105123256823

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Macroeconomics by Wendy Carlin,David Soskice Pdf

This volume provides a unified framework for the analysis of short- and medium-run macroeconomics. It develops a core New Keynesian macro model based on imperfect competition and nominal rigidities and shows how this compares with alternatives.

Interest and Prices

Michael Woodford
Interest and Prices Book PDF

Author : Michael Woodford
Publisher : Princeton University Press
Page : 805 pages
File Size : 47,6 Mb
Release : 2011-12-12
Category : Business & Economics
ISBN : 9781400830169

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Interest and Prices by Michael Woodford Pdf

With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account? Interest and Prices seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. In such a world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford reexamines the foundations of monetary economics, and shows how interest-rate policy can be used to achieve an inflation target in the absence of either commodity backing or control of a monetary aggregate. The book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime--one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the "New Classical" critique of traditional policy evaluation exercises. It thus argues that rule-based policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility, while at the same time showing the advantages of rule-based over purely discretionary policymaking.