The Is Lm Model

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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.
Is Lm And Modern Macroeconomics
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Author : Warren Young
language : en
Publisher: Springer Science & Business Media
Release Date : 2000
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 2000 with Business & Economics categories.
IS-LM is perhaps the prime example of "cognitive dissonance" in economics, and is problematic to many economists. However, the model's "plasticity" has enabled it to undergo a metamorphosis into augmented form, enabling its continuing utilization, as the papers in this volume discuss.
Millennial Keynes
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Author : Bruno Ventelou
language : en
Publisher: M.E. Sharpe
Release Date : 2005
Millennial Keynes written by Bruno Ventelou and has been published by M.E. Sharpe this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
Millennial Keynes provides a concise grounding in the origins, development, and continuing significance of Keynesian economics. Section One presents the contributions of economists working before Keynes who would later have tremendous influence on him and his work, including Walras, Pigou, Marshall, Sraffa, and Fisher. Section Two introduces and analyzes Keynes' own major works, such as the Treatise on Money, Treatise on Probability, and The General Theory. The book concludes by looking at the many differing interpretations of the significance of the Keynesian tradition upon economics as a discipline, and the schools of thought that have spawned these often-divergent interpretations. And it explains why these ongoing debates are likely to continue well into the next millennium.
Macroeconomics And The Real World Volume 2 Keynesian Economics Unemployment And Policy
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Author : Roger E. Backhouse
language : en
Publisher: OUP Oxford
Release Date : 2000-11-23
Macroeconomics And The Real World Volume 2 Keynesian Economics Unemployment And Policy written by Roger E. Backhouse and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-11-23 with Business & Economics categories.
Since the middle of twentieth century, economists have invested great resources into using statistical evidence to relate macroeconomic theories to the real world, and many new econometric techniques have been employed. In these two volumes, a distinguished group of economic theorists, econometricians, and economic methodologists examine how evidence has been used and how it should be used to understand the real world. Volume 1 focuses on the contribution of econometric techniques to understanding the macroeconomic world. It covers the use of evidence to understand the business cycle, the operation of monetary policy, and economic growth. A further section offers assessments of the overall impact of recent econometric techniques such as cointegration and unit roots. Volume 2 focuses on the labour market and economic policy, with sections covering the IS-LM model, the labour market, new Keynesian macroeconomics, and the use of macroeconomics in official documents (in both the USA and EU). These volumes will be valuable to advanced undergraduates, graduate students, and practitioners for their clear presentation of opposing perspectives on macroeconomics and how evidence should be used. The chapters are complemented by discussion sections revealing the perspectives of other contributors on the methodological issues raised.
Money Inflation And Unemployment
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Author : David Gowland
language : en
Publisher: Palgrave Macmillan
Release Date : 1992-01-12
Money Inflation And Unemployment written by David Gowland and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-01-12 with Business & Economics categories.
This book focuses on the theoretical debate concerning the role of money and financial factors determining real economic activity.
Theories Of Inflation
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Author : Helmut Frisch
language : en
Publisher: Cambridge University Press
Release Date : 1983
Theories Of Inflation written by Helmut Frisch 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 1983 with Business & Economics categories.
A survey of the new theories of inflation that have developed over the past two decades in response to the inflationary pressures experienced by Western countries examines the shifting debate from explaining inflation as a "causal" process to explaining its increase as a result of constantly changing expectations.
Modern Economics An Analytical Study 20th Edition
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Author : Ahuja H.L.
language : en
Publisher: S. Chand Publishing
Release Date : 2016
Modern Economics An Analytical Study 20th Edition written by Ahuja H.L. and has been published by S. Chand Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
In its 20th edition, this trusted definitive text is a comprehensive treatise on modern economics. It discusses in detail microeconomics, macroeconomics, monetary theory and policy, international economics, public finance and fiscal policy and above all economics of growth and development. The book has been exhaustively revised to provide students an in-depth understanding of the fundamental concepts and is streamlined to focus on current topics and developments in the field.
Macroeconomics
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Author :
language : en
Publisher: Pearson South Africa
Release Date : 2006
Macroeconomics written by and has been published by Pearson South Africa this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Macroeconomics categories.
Macroeconomics 20e
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Author : Ahuja H.L.
language : en
Publisher: S. Chand Publishing
Release Date : 2022-03
Macroeconomics 20e written by Ahuja H.L. and has been published by S. Chand Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03 with Business & Economics categories.
This textbook acquaints the students with the latest trends and tendencies in macroeconomics analysis and policy. It keeps in view the macroeconomic
An Encyclopedia Of Keynesian Economics Second Edition
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Author : Thomas Cate
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-01-01
An Encyclopedia Of Keynesian Economics Second Edition written by Thomas Cate and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-01 with Business & Economics categories.
Acclaim for the first edition: ÔThis easy-to-read collection . . . tells the whole story. Filled with short, well-written pieces, the encyclopedia covers the names and ideas that preceded Keynes, that carried his work to the center of the profession, and that eventually supplanted him there . . . There are excellent and unexpected articles on the Austrian school, the Lausanne school, and the Ricardo effect. There are well-done pieces on all the basic theoretical models at the heart of Keynesianism . . . [the] volume has been well put together. The editors deserve special praise for letting each contributor tell his own story. Those who oppose KeynesÕs ideas are just as well represented as those who carry the torch for him. This evenhandedness helps to ensure a volume that is truly representative and that will allow its users to get a full picture of the life and times of Keynesian economics.Õ Ð Bradley W. Bateman, Grinnell College, US ÔThe book will also be of some interest to serious scholars, partly because it includes biographies of many economists too young to have been included in the New Palgrave, such as Dornbusch, Fisher, Herschel Grossman, Kregel, Lucas, and Robert Townsend. It also includes some very interesting longer essays.Õ Ð Peter Howitt, The Economic Journal ÔThis book provides an excellent summary of the many strands of ÔKeynesianÕ- style thought both before and after 1936. Its well-considered entries take care to make explicit the assumptions and fundamental points of difference between theories too often concealed by the parents and advocates of specific theories in their zeal to promote the universality of the ideas. There is scarcely an entry that suffers from wordiness and repetition; the readerÕs scarce time is not abused.Õ Ð Elizabeth Webster, Economic Record ÔThis reviewer found using this source exhilarating and endowed with additional interest in view of the 1997 discussion on the inclusion or noninclusion of Keynesian economics in introductory economics textbooks. The editors should be applauded for helping to preserve a part of intellectual heritage.Õ Ð Bogdan Mieczkowski, American Reference Books ÔIt is the best single reference source on Keynesian economics and will be welcomed by students and teachers in economics as well as scholars in related social sciences and government policy makers.Õ Ð Educational Book Review This thoroughly revised and updated second edition of a highly acclaimed and authoritative reference work introduces the major concepts in the field of Keynesian economics. The comprehensive Encyclopedia features accessible, informative and provocative contributions by leading international scholars working in the tradition of Keynes. It brings together widely dispersed yet theoretically congruent ideas, presents concise biographies of economists who have contributed to the debate on Keynes and the Keynesian Revolution, and outlines the basic principles, models and tools used to discuss the economic consequences of The General Theory. Longer entries on specific topics associated with Keynes and the Keynesian Revolution analyse the principal factors that contributed to The General Theory, the economics of Keynes and the rise and apparent decline of Keynesian economics in greater detail. The second edition will ensure that An Encyclopedia of Keynesian Economics will remain the best single reference source on Keynesian economics and will continue to be welcomed by academics, students and teachers of economics as well as by scholars in related social sciences and government policymakers.