The Open Economy Macromodel Past Present And Future


The Open Economy Macromodel Past Present And Future
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The Open Economy Macromodel Past Present And Future


The Open Economy Macromodel Past Present And Future
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Author : Arie Arnon
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

The Open Economy Macromodel Past Present And Future written by Arie Arnon 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.


The impetus for the conference that was the basis for this volume emanated from the influence of two brilliant minds-Egon Sohmen and Adam Klug, who both died at an early age, leaving their families and the professions of economics and economic history with major voids. In the course of research on the origins of Open Economy Macroeconomics, the significant contributions of Egon Sohmen came to the fore. After correspondence with some of those involved in the early development of the Open Economy Macromodel, we turned to Adam Klug for his views on the matter-as he had dealt with the history of intertemporal trade models in his Ph. D. thesis. And it was Adam who suggested the idea of a conference bringing together economists and economic historians. At this point we want to acknowledge the very generous grant from the Egon Sohmen Foundation and the active participation of Dr. Helmut Sohmen and Mrs. Renee Sohmen at the conference. We also want to thank Prof. Sir Aaron Klug, Nobel Laureate, and the Klug family for their support and the financial contribution of the Adam Klug Memorial Lecture Fund at Ben Gurion University. Other institutions that contributed to the conference were the Gianni Foundation; Bank of Israel; University of North Carolina; Department of Economics, Faculty of Social Science and Aharon Meir Center for Banking, Bar Ilan University; Department of Economics and Faculty of Social Science, Ben-Gurion University of the Negev.



Monetary Theory And Policy From Hume And Smith To Wicksell


Monetary Theory And Policy From Hume And Smith To Wicksell
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Author : Arie Arnon
language : en
Publisher: Cambridge University Press
Release Date : 2012-08-27

Monetary Theory And Policy From Hume And Smith To Wicksell written by Arie Arnon 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 2012-08-27 with Business & Economics categories.


This book provides a comprehensive survey of the major developments in monetary theory and policy from David Hume and Adam Smith to Walter Bagehot and Knut Wicksell. In particular, it seeks to explain why it took so long for a theory of central banking to penetrate mainstream thought. The book investigates how major monetary theorists understood the roles of the invisible and visible hands in money, credit, and banking; what they thought about rules and discretion and the role played by commodity-money in their conceptualizations; whether or not they distinguished between the two different roles carried out via the financial system - making payments efficiently within the exchange process and facilitating intermediation in the capital market; how they perceived the influence of the monetary system on macroeconomic aggregates such as the price level, output, and accumulation of wealth; and finally, what they thought about monetary policy. The book explores the analytical dimensions in the various monetary theories while emphasizing their policy consequences. The book highlights the work of a number of pioneering theoreticians. Among these Henry Thornton stands out, primarily because of his innovative analyzis of the complicated phenomena that developed after the introduction of an inconvertible monetary system in 1797. A major question addressed by the book is why theoreticians and policymakers were so resistant to his ideas for so many years.



Treasonable Doubt


Treasonable Doubt
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Author : R. Bruce Craig
language : en
Publisher:
Release Date : 2004

Treasonable Doubt written by R. Bruce Craig and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Communism categories.


Armed with a wealth of new information, Craig examines the controversial 1948 allegations that Communist spies had penetrated the American government, and explores the "ambiguities" that have haunted it for more than half a century.



Open Economy Macroeconomics


Open Economy Macroeconomics
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Author : Martín Uribe
language : en
Publisher: Princeton University Press
Release Date : 2017-04-04

Open Economy Macroeconomics written by Martín Uribe and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-04 with Business & Economics categories.


A cutting-edge graduate-level textbook on the macroeconomics of international trade Combining theoretical models and data in ways unimaginable just a few years ago, open economy macroeconomics has experienced enormous growth over the past several decades. This rigorous and self-contained textbook brings graduate students, scholars, and policymakers to the research frontier and provides the tools and context necessary for new research and policy proposals. Martín Uribe and Stephanie Schmitt-Grohé factor in the discipline's latest developments, including major theoretical advances in incorporating financial and nominal frictions into microfounded dynamic models of the open economy, the availability of macro- and microdata for emerging and developed countries, and a revolution in the tools available to simulate and estimate dynamic stochastic models. The authors begin with a canonical general equilibrium model of an open economy and then build levels of complexity through the coverage of important topics such as international business-cycle analysis, financial frictions as drivers and transmitters of business cycles and global crises, sovereign default, pecuniary externalities, involuntary unemployment, optimal macroprudential policy, and the role of nominal rigidities in shaping optimal exchange-rate policy. Based on courses taught at several universities, Open Economy Macroeconomics is an essential resource for students, researchers, and practitioners. Detailed exploration of international business-cycle analysis Coverage of financial frictions as drivers and transmitters of business cycles and global crises Extensive investigation of nominal rigidities and their role in shaping optimal exchange-rate policy Other topics include fixed exchange-rate regimes, involuntary unemployment, optimal macroprudential policy, and sovereign default and debt sustainability Chapters include exercises and replication codes



Exchange Rate Regimes Past Present And Future


Exchange Rate Regimes Past Present And Future
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Author : Michael D. Bordo
language : en
Publisher:
Release Date : 2004

Exchange Rate Regimes Past Present And Future written by Michael D. Bordo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Foreign exchange administration categories.




The Is Lm Model


The Is Lm Model
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Author : Michel de Vroey
language : en
Publisher: History of Political Economy A
Release Date : 2004

The Is Lm Model written by Michel de Vroey and has been published by History of Political Economy A this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.


For some twenty-five years after the end of the Second World War, the IS-LM model dominated macroeconomics. Inspired by the work of John Maynard Keynes, this model demonstrates the relationship among savings, income, investments, and interest rates, showing the point at which the interaction of these elements produces "equilibrium" in an economy. With the advent of the new classical macroeconomics in the early 1970s, the dominance of the IS-LM model was effectively challenged. While no longer central to the graduate training of most macroeconomists or to cutting-edge macroeconomic research, the IS-LM model continues to be a mainstay of undergraduate textbooks, to find wide use in applied macroeconomics, and to lie at the conceptual core of most government and commercial macroeconometric models. This volume, the annual supplement to History of Political Economy, explores the rise, the fall, and the persistence of the IS-LM model. In addition to presenting papers from the History of Political Economy conference held at Duke University in April 2003, the volume includes the text of an address delivered at the conference by Nobel laureate Robert E. Lucas Jr., one of the central players in the intellectual movement that dethroned the IS-LM model. Contributors. Roger E. Backhouse, Mauro Boianovsky, Michael Bordo, David Colander, William Darity Jr., Michel De Vroey, Robert W. Dimand, Kevin D. Hoover, David Laidler, Robert E. Lucas Jr., Edward Nelson, Goulven Rubin, Anna Schwartz, Scott Sumner, Warren Young



Open Economy Macroeconomics


Open Economy Macroeconomics
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Author : Helmut Frisch
language : en
Publisher: Springer
Release Date : 2016-07-27

Open Economy Macroeconomics written by Helmut Frisch and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-27 with Business & Economics categories.


The integration of market economies is one of the most remarkable features of international economics, which has important implications for macroeconomic performance in open economies. Equally important is the declining relevance of the real versus the monetary theory dichotomy. These papers focus on those aspects of monetary policy which relate to credibility and non-neutrality; the domestic adjustment to foreign shocks; the interdependence of open economies and their strategic interactions. An important section is also devoted to the innovative modelling of exchange rate dynamics.



Toward A New Europe


Toward A New Europe
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Author : Wacława Starzyńska
language : en
Publisher:
Release Date : 2004

Toward A New Europe written by Wacława Starzyńska and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Europe categories.




Acta Universitatis Lodziensis


Acta Universitatis Lodziensis
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Author :
language : en
Publisher:
Release Date : 2004

Acta Universitatis Lodziensis written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Economics categories.




Exchange Rate Regimes And Capital Flows


Exchange Rate Regimes And Capital Flows
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Author : George S. Tavlas
language : en
Publisher: SAGE Publications, Incorporated
Release Date : 2002

Exchange Rate Regimes And Capital Flows written by George S. Tavlas and has been published by SAGE Publications, Incorporated this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.


Recent international financial crises have brought the issue of reforming the international financial system to the forefront of debates. Is the current international monetary system a sufficient foundation? Or do the recent crises indicate that the current architecture is inadequate? This issue of The Annals takes stock of both arguments and presents positions held both by leading proponents of reform and to leading proponents of the existing architecture. It reviews the core of the debate: · reform of the exchange rate arrangements · the role of the International Monetary Fund · and the role of the private sector in crisis resolution. Presenting a wide spectrum of viewpoints and reviewing the lessons learned from recent financial crises, the exchange rate debate is placed in a clear context, making this critical issue more accessible.