Modern Financial Macroeconomics

Author : Todd A. Knoop
Publisher : Wiley-Blackwell
Page : 296 pages
File Size : 51,6 Mb
Release : 2008-04-07
Category : Business & Economics
ISBN : UCSD:31822037116779

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Modern Financial Macroeconomics by Todd A. Knoop Pdf

Modern Financial Macroeconomics takes a non-technical approach in examining the role that financial markets and institutions play in shaping outcomes in the modern macro economy. Reviews historical and contemporary macroeconomic theory Examines governmental influence on moderating (or exacerbating) economic fluctuations Discusses both empirical and theoretical links between financial systems and economic performance, as well as case studies detailing the role of finance in specific business cycle episodes

Author : Donald Stabile
Publisher : Edward Elgar Publishing
Page : 200 pages
File Size : 53,5 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 1781951179

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Forerunners of Modern Financial Economics by Donald Stabile Pdf

The economists who began using statistics to analyze financial markets in the 1950s have been credited with revolutionizing the scholarship of investing and with inaugurating modern financial economics. By examining the work of economists who used statistics to analyze financial markets before 1950, Donald Stabile provides evidence about the forerunners of modern financial economics. In studying these predecessors, this innovative book reveals that, starting around 1900, there were economists in the United States who believed that changes in stock prices could be treated as a random variable to be analyzed with statistical methods, and who used early versions of the efficient markets theory to justify their belief. Although they did not call themselves Bayesians, the author explores how they adhered to a philosophy consistent with Bayesian statistics. A concluding epilogue considers the linkages between the forerunners of modern finance, its innovators and modern successors. An original work in the history of economic thought, Forerunners of Modern Financial Economics will be of great interest to both economists and historians interested in the development of statistical finance and economic thought, as well as to statisticians, financial analysts, and advanced undergraduate and graduate students studying financial economics.

Author : Dale K. Cline,Sandeep Mazumder
Publisher : Routledge
Page : 191 pages
File Size : 44,9 Mb
Release : 2022-03-22
Category : Business & Economics
ISBN : 9781000552560

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Money, Banking, and Financial Markets by Dale K. Cline,Sandeep Mazumder Pdf

This innovative text offers an introduction to money, banking, and financial markets, with a special emphasis on the importance of confidence and trust in the macroeconomic system. It also presents the theory of endogenous money creation, in contrast to the standard money multiplier and fractional reserve explanation found in other textbooks. The U.S. economy and financial institutions are used to explain the theoretical and practical framework, with international examples weaved in throughout the text. It covers key topics including monetary policy, fiscal policy, accounting principles, credit creation, central banks, and government treasuries. Additionally, the book considers the international economy, including exchange rates, the Eurozone, Chinese monetary policy, and reserve currencies. Taking a broad look at the financial system, it also looks at banking regulation, cryptocurrencies, real estate, and the oil and gold commodity markets. Students are supported with chapter objectives, key terms, and problems. A test bank is available for instructors. This is an accessible introductory textbook for courses on money and banking, macroeconomics, monetary policy, and financial markets.

Author : Bruna Ingrao,Claudio Sardoni
Publisher : Edward Elgar Publishing
Page : 456 pages
File Size : 50,5 Mb
Release : 2019
Category : Banks and banking
ISBN : 9781786431530

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Banks and Finance in Modern Macroeconomics by Bruna Ingrao,Claudio Sardoni Pdf

The world financial crisis of 2007–2008 dramatically showed the importance of credit and financial relations for the efficient working of the economy. For a long time mainstream macroeconomics ignored these aspects and concentrated only on the real sector or just took into account the most elementary picture of the financial side of the economy. This book aims at explaining why this happened through an historical excursion of 20th century mainstream macroeconomic theory.

Author : Sudipto Bhattacharya,George M. Constantinides
Publisher : Rowman & Littlefield
Page : 372 pages
File Size : 51,5 Mb
Release : 1989
Category : Business & Economics
ISBN : 0847674878

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Theory of Valuation by Sudipto Bhattacharya,George M. Constantinides Pdf

Major themes in theoretical financial economics since 1973 are presented through reprinted articles, each followed by a substantial essay by a leading scholar in the field. These original papers were written expressly for these volumes and provide a critical discussion and overview of the topic. The books thus present a broad spectrum of viewpoints with an emphasis on the work on valuation, economics of uncertainty, and taxation which pertains to the problems of financial markets and corporations.

Author : Dale K. Cline,Sandeep Mazumder
Publisher : Routledge
Page : 201 pages
File Size : 44,5 Mb
Release : 2022-03-23
Category : Business & Economics
ISBN : 9781000552645

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Money, Banking, and Financial Markets by Dale K. Cline,Sandeep Mazumder Pdf

This innovative text offers an introduction to money, banking, and financial markets, with a special emphasis on the importance of confidence and trust in the macroeconomic system. It also presents the theory of endogenous money creation, in contrast to the standard money multiplier and fractional reserve explanation found in other textbooks. The U.S. economy and financial institutions are used to explain the theoretical and practical framework, with international examples weaved in throughout the text. It covers key topics including monetary policy, fiscal policy, accounting principles, credit creation, central banks, and government treasuries. Additionally, the book considers the international economy, including exchange rates, the Eurozone, Chinese monetary policy, and reserve currencies. Taking a broad look at the financial system, it also looks at banking regulation, cryptocurrencies, real estate, and the oil and gold commodity markets. Students are supported with chapter objectives, key terms, and problems. A test bank is available for instructors. This is an accessible introductory textbook for courses on money and banking, macroeconomics, monetary policy, and financial markets.

Author : Sanjay K. Chugh
Publisher : MIT Press
Page : 549 pages
File Size : 54,5 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.

Author : Catherine Kyrtsou,Didier Sornette,Chris Adcock
Publisher : Routledge
Page : 260 pages
File Size : 49,8 Mb
Release : 2020-06-04
Category : Business & Economics
ISBN : 9780429582042

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New Facets of Economic Complexity in Modern Financial Markets by Catherine Kyrtsou,Didier Sornette,Chris Adcock Pdf

The book is motivated by the disruptions introduced by the financial crisis and the many attempts that have followed to propose new ideas and remedies. Assembling contributions by authors from a variety of backgrounds, this collection illustrates the potentials resulting from the marriage of financial economics, complexity theory and an out-of-equilibrium view of the economic world. Challenging the traditional hypotheses that lie behind financial market functioning, new evidence is provided about the hidden factors fuelling bubbles, the impact of agents’ heterogeneity, the importance of endogeneity in the information transmission mechanism, the dynamics of herding, the sources of volatility, the portfolio optimization techniques, the financial innovation and the trend identification in a nonlinear time-series framework. Presenting the advances made in financial market analysis, and putting emphasis on nonlinear dynamics, this book suggests interdisciplinary methodologies for the study of well-known stylised facts and financial abnormalities. This book was originally published as a special issue of The European Journal of Finance.

Author : L. Randall Wray
Publisher : Springer
Page : 322 pages
File Size : 49,7 Mb
Release : 2015-09-22
Category : Business & Economics
ISBN : 9781137539922

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Modern Money Theory by L. Randall Wray Pdf

This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.

Author : Chi-fu Huang
Publisher : Unknown
Page : 58 pages
File Size : 44,6 Mb
Release : 1991
Category : Electronic
ISBN : OCLC:24063259

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An Overview of Modern Financial Economics by Chi-fu Huang Pdf

Author : Dirk H. Ehnts
Publisher : Routledge
Page : 239 pages
File Size : 44,9 Mb
Release : 2016-10-14
Category : Business & Economics
ISBN : 9781317224792

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Modern Monetary Theory and European Macroeconomics by Dirk H. Ehnts Pdf

This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy, the focus of this book lies on the (stylized) balance sheets of the main actors. Money, after all, is born on the balance sheets of the central bank or commercial bank. While households and firms hold accounts at banks with deposits, banks hold an account at the central bank where deposits are called reserves. The book aims to explain how the two monetary circuits – central bank deposits and bank deposits – are intertwined. It is also shown how government spending injects money into the economy. Modern Monetary Theory and European Macroeconomics covers both the general case and then the Eurozone specifically. A very simple macroeconomic model follows which explains the major accounting identities of macroeconomics. Using this new methodology, the Eurozone crisis is examined from a fresh perspective. It turns out that not government debt but the stagnation of private sector debt was the major economic problem and that cuts in government spending worsened the economic situation. The concluding chapters discuss what a solution to the current problems of the Eurozone must look like, with scenarios that examine a future with and without a euro. This book provides a detailed balance sheet view of monetary and fiscal operations, with a focus on the Eurozone economy. Students, policy-makers and financial market actors will learn to assess the institutional processes that underpin a modern monetary economy, in times of boom and in times of bust.

Author : Eckhard Hein,Engelbert Stockhammer
Publisher : Edward Elgar Publishing
Page : 393 pages
File Size : 53,5 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9780857931825

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A Modern Guide to Keynesian Macroeconomics and Economic Policies by Eckhard Hein,Engelbert Stockhammer Pdf

This well-documented book will prove to be the essential guide for researchers and graduate students in macroeconomics and political economy. It will also prove inspiring to a wider audience interested in modern Keynesian macroeconomics.

Author : Gerald A. Epstein
Publisher : Springer
Page : 100 pages
File Size : 47,8 Mb
Release : 2019-08-09
Category : Political Science
ISBN : 9783030265045

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What's Wrong with Modern Money Theory? by Gerald A. Epstein Pdf

This Palgrave Pivot assesses the validity of Modern Money Theory’s approach to macroeconomic policy, specifically monetary and fiscal policy. Whereas other papers have focused primarily on theoretical and doctrinal issues, this book focuses primarily on an analysis of MMT’s policy approach. Though drawing on academic literature, this book’s approach is empirical and policy-based, making it accessible to scholars and the public alike. It addresses a burning question in the policy and politics of the US and elsewhere where MMT is gaining a policy foothold, especially among progressive activists and politicians: Is MMT, in fact, a good guide for progressive macroeconomic policy? The main focus of this book is to explain why the answer to this question is no.

Author : Claude Gnos,Sergio Rossi
Publisher : Edward Elgar Publishing
Page : 321 pages
File Size : 47,9 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781782540434

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Modern Monetary Macroeconomics by Claude Gnos,Sergio Rossi Pdf

This timely book uses cutting-edge research to analyse the fundamental causes of economic and financial crises, and illustrates the macroeconomic foundations required for future economic policymaking in order to avoid these crises. The expert contributors take a critical approach to monetary analysis, providing elements for a new paradigm of economic policymaking at both national and international levels. Major issues are explored, including: inflation, capital accumulation and involuntary unemployment, sovereign debts and interest payment, and the euro-area crisis. Opening new lines of research in the economic and financial crises, this book will prove a fascinating read for academics, students and researchers in the field of monetary economics. Monetary policymakers, central bank officials and international financial organisations will also find the book to be an invaluable resource.

Author : Sudipto Bhattacharya,Willem Alexander Boot,Anjan V. Thakor
Publisher : Unknown
Page : 934 pages
File Size : 46,7 Mb
Release : 2004
Category : Credit
ISBN : 0199243069

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Credit, Intermediation, and the Macroeconomy by Sudipto Bhattacharya,Willem Alexander Boot,Anjan V. Thakor Pdf

Developments in theories of financial markets and institutions, using the tools of the economics of uncertainty and of contracts, as well as results in game theory, have, over the last two decades, constituted an exciting and burgeoning field of research. This collection of readings drawstogether highlights of the 'second generation' literature in this area, emphasizing the theoretical, institutional, and policy-oriented regulatory implications of some of the key modelling techniques in the field.The collection divides into seven sections covering the monitoring role of banks and other intermediaries; liquidity demand and the role of banks and the government; bank runs and financial crises; bank regulation; inter-bank competition and bank--firm relationships; comparative financial systems;and imperfect credit markets and the macroeconomy. Each section comprises four articles previously published in top-ranking economics and finance journals, plus a discussion by a prominent scholar, who provides a synthesis and critique of the literature, and suggests promising directions for futureresearch and application of results.