Neoclassical Synthesis
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Is Lm And Modern Macroeconomics
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Author : Warren Young
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Is Lm And Modern Macroeconomics written by Warren Young and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
IS-LM is perhaps the prime example of `cognitive dissonance' in economics, and is problematic to many economists. On the one hand, the IS-LM model is still taught by many academic economists or they use it to derive the AD-AS approach. On the other hand, the same economists realize the limitations of the basic IS-LM model and would not now use it for policy analysis, as they did in the past. The distinction between pedagogical and analytical efficacy is made by all the authors in this volume regarding the IS-LM model. Indeed, even those who would reject using the model for modern policy analysis still see the basic model as useful for teaching purposes. Moreover, in an augmented form, some of the authors in this volume would even see fit to use IS-LM for modern policy analysis. As will be seen, therefore, the IS-LM model is `not yet dead'. Rather, the model's `plasticity' has enabled it to undergo a metamorphosis into augmented form, enabling its continuing utilization in economics accordingly.
Transforming Modern Macroeconomics
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Author : Roger E. Backhouse
language : en
Publisher: Cambridge University Press
Release Date : 2013
Transforming Modern Macroeconomics written by Roger E. Backhouse and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
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.
A History Of Macroeconomics From Keynes To Lucas And Beyond
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Author : Michel De Vroey
language : en
Publisher: Cambridge University Press
Release Date : 2016-01-08
A History Of Macroeconomics From Keynes To Lucas And Beyond written by Michel De Vroey and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-08 with Business & Economics categories.
This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.
The Limits Of Transparency
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Author : Jacqueline Best
language : en
Publisher: Cornell University Press
Release Date : 2007
The Limits Of Transparency written by Jacqueline Best and has been published by Cornell University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
Jacqueline Best has developed a novel theoretical framework to more fully comprehend the role of ambiguity in international governance.
Monetary Policy Rule In Theory And Practice
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Author : Nicolas Barbaroux
language : en
Publisher: Routledge
Release Date : 2013-08-21
Monetary Policy Rule In Theory And Practice written by Nicolas Barbaroux and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-21 with Business & Economics categories.
This new volume sheds new light on current monetary issues, in particular the debate on monetary policy making, by blending theoretical economic analysis, history of economics, and historical case studies. A discretionary monetary policy refers to cases in which the central bank is free to change its policy actions or key instruments when the need arises, whilst a monetary policy rule can be defined as a commitment from (independent) central banks to reach one or several objective(s) by way of systematic policy actions. This book uses case studies from France and Sweden, and places them in the context of Keynes’ argument from his 1923 ‘Tract on Monetary Reforms’, to support the argument that the use of discretionary practices within a monetary policy rule (such as in the Gold Standard era) is the best approach. This book takes an innovative approach in combining a theoretical analysis (mainly the work of New Neoclassical Synthesis throughout Woodford's model) a history of economic thought analysis (based on the monetary works from Wicksell, Cassel and Keynes) and an historical study of central bank practices both in France (based on Bank of France archives materials) and in Sweden. The final section of the book explores the debate on monetary policy rule in light of the 2008 financial crisis. As such, the book provides a unique synthesis that will be of interest not only to scholars of history of economic thought and economic theory, but also to anyone with an interest in monetary economics and contemporary monetary policy.
Competing Schools Of Economic Thought
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Author : Lefteris Tsoulfidis
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-06-29
Competing Schools Of Economic Thought written by Lefteris Tsoulfidis and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-29 with Business & Economics categories.
1. 1 Introduction This book was born out of our reaction to the way in which the usual texts cover the subject of the history of economic thought. In most of these texts, there is a tendency to emphasize the similarities and differences between all the important economists and form a repository of encyclopedic knowledge where one can study the seemingly important economic ideas. In this book, we argue that it is much more fruitful to focus on the essential ideas of each and every school of economic thought and relate them to present-day problems, than to engage into a sterile discussion of the ideas and the lives of the great economists of the past. Thus, although this book deals with the history of economic thought, it does not necessarily follow a historic (in the sense of the order of presentation) approach, but rather a logical one, that is to say it deals with the social conditions associated with the emergence of a school of economic thought, its evolution, and its contemporary in?uence. One cannot write a book on the history of economic thought without writing separate chapters on the major economists of the past, that is, Adam Smith, David Ricardo, Karl Marx, and J. M. Keynes. Of course these economists formed schools of economic thought, that is, the classical and the Keynesian.
Macroeconomics
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Author : Devendra Ojha
language : en
Publisher: Educohack Press
Release Date : 2025-02-20
Macroeconomics written by Devendra Ojha and has been published by Educohack Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-02-20 with Business & Economics categories.
"Macroeconomics: Policies and Perspectives" is designed to make the subject of economics interesting and accessible for all readers, regardless of their background. Our goal is to simplify complex economic theories using clear explanations and a few graphs, avoiding heavy mathematical notations commonly found in traditional economics books. We aim to challenge orthodox economic explanations and present them in plain language so that even non-economists can find them useful and understandable. The book encourages readers to engage with the material, offering examples and discussions drawn from esthetic literature rather than just mathematics or statistics. This approach ensures that the content is relatable and engaging. Our focus extends beyond typical economic discussions, covering money, international trade, the economy, and factors related to both macroeconomics and microeconomics. By presenting economic concepts in an engaging and easy-to-understand manner, we hope to inspire a love for economics in all readers. Whether you're a student or simply curious about the world of economics, "Macroeconomics: Policies and Perspectives" provides valuable insights and a fresh perspective on understanding the economy.
New Economic Theory
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Author : Vinzenz von Holle
language : en
Publisher: Springer Nature
Release Date : 2024-10-09
New Economic Theory written by Vinzenz von Holle and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-10-09 with Business & Economics categories.
The standard economic theory, despite its many advantages, has a significant weakness: it is only of limited applicability to the economic reality of practice. Therefore, the book presents a new economic theory that is completely oriented towards the reality of economic practice. In this new theory, human beings are not just actors but constitute the central element from which the theory and everything else derive: work, production, consumption, demand, supply, exchange, trade, markets, stock exchanges, money, state economics, and global economics with all their complexities. Unlike the standard model, the new theory employs a holistic approach in its methodology. With this new and differentiated economic perspective and mindset, the new theory is capable of initiating a paradigm shift in the discipline of economics.
The Foundations Of Keynesian Analysis
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Author : Alain Barrere
language : en
Publisher: Springer
Release Date : 1988-06-18
The Foundations Of Keynesian Analysis written by Alain Barrere and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988-06-18 with Business & Economics categories.
Macroeconomics In Context
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Author : Neva Goodwin
language : en
Publisher: Routledge
Release Date : 2015-03-12
Macroeconomics In Context written by Neva Goodwin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-12 with Business & Economics categories.
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.