A Critical Essay On Modern Macroeconomic Theory

Author : Frank Hahn
Publisher : MIT Press
ISBN 13 : 9780262581547
Total Pages : 174 pages
Book Rating : 4.4X/5 ( download)

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Download or read book A Critical Essay on Modern Macroeconomic Theory written by Frank Hahn and published by MIT Press. This book was released on 1997 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Bruna Ingrao
Publisher : Edward Elgar Publishing
ISBN 13 : 178643153X
Total Pages : 456 pages
Book Rating : 4.30/5 ( download)

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Download or read book Banks and Finance in Modern Macroeconomics written by Bruna Ingrao and published by Edward Elgar Publishing. This book was released on 2019 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : European University Institute
Publisher : Totowa, N.J. : Barnes & Noble
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.42/5 ( download)

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Download or read book Modern Macroeconomic Theory written by European University Institute and published by Totowa, N.J. : Barnes & Noble. This book was released on 1983 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : K. Vela Velupillai
Publisher : Routledge
ISBN 13 : 1134358717
Total Pages : 216 pages
Book Rating : 4.17/5 ( download)

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Download or read book Macroeconomic Theory and Economic Policy written by K. Vela Velupillai and published by Routledge. This book was released on 2004-04-22 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jean-Paul Fitoussi needs no introduction as one of the world's foremost Macroeconomists of his generation. This celebration of his work includes contributions from Nobel Prize - winning economists Robert W. Clower and Robert Solow as well as Olivier Blanchard and leading economic theorist, Edmond Malinvaud.

Author : Brian Snowdon
Publisher : Edward Elgar Publishing
ISBN 13 : 1781008493
Total Pages : 258 pages
Book Rating : 4.92/5 ( download)

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Download or read book Reflections on the Development of Modern Macroeconomics written by Brian Snowdon and published by Edward Elgar Publishing. This book was released on 1997-01-01 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of essays on the development of modern macroeconomics. It reflects the profound and controversial changes that the subject has undergone in the period 1974 to 1999. Each of the eight essays focuses on an important issue relating to those changes.

Author : Lars Ljungqvist
Publisher : MIT Press
ISBN 13 : 0262038668
Total Pages : 1477 pages
Book Rating : 4.69/5 ( download)

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Download or read book Recursive Macroeconomic Theory, fourth edition written by Lars Ljungqvist and published by MIT Press. This book was released on 2018-09-11 with total page 1477 pages. Available in PDF, EPUB and Kindle. Book excerpt: The substantially revised fourth edition of a widely used text, offering both an introduction to recursive methods and advanced material, mixing tools and sample applications. Recursive methods provide powerful ways to pose and solve problems in dynamic macroeconomics. Recursive Macroeconomic Theory offers both an introduction to recursive methods and more advanced material. Only practice in solving diverse problems fully conveys the advantages of the recursive approach, so the book provides many applications. This fourth edition features two new chapters and substantial revisions to other chapters that demonstrate the power of recursive methods. One new chapter applies the recursive approach to Ramsey taxation and sharply characterizes the time inconsistency of optimal policies. These insights are used in other chapters to simplify recursive formulations of Ramsey plans and credible government policies. The second new chapter explores the mechanics of matching models and identifies a common channel through which productivity shocks are magnified across a variety of matching models. Other chapters have been extended and refined. For example, there is new material on heterogeneous beliefs in both complete and incomplete markets models; and there is a deeper account of forces that shape aggregate labor supply elasticities in lifecycle models. The book is suitable for first- and second-year graduate courses in macroeconomics. Most chapters conclude with exercises; many exercises and examples use Matlab or Python computer programming languages.

Author : Jean-Paul Fitoussi
Publisher : Wiley-Blackwell
ISBN 13 : 9780631143567
Total Pages : 209 pages
Book Rating : 4.64/5 ( download)

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Download or read book Modern Macroeconomic Theory written by Jean-Paul Fitoussi and published by Wiley-Blackwell. This book was released on 1983-01-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Brian Snowdon
Publisher : Edward Elgar Publishing
ISBN 13 : 1845424670
Total Pages : 807 pages
Book Rating : 4.71/5 ( download)

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Download or read book Modern Macroeconomics written by Brian Snowdon and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 807 pages. Available in PDF, EPUB and Kindle. Book excerpt: Snowdon and Vane s book is extremely welcome. Indeed the authors examine, compare, and evaluate the evolution of the major rival stories comprising contemporary macroeconomic thought, but they also trace the development and interaction of key events and ideas as they occurred in the last century. Interviews with leading economists, one or two at the end of each chapter, also greatly help to shed light on this complexity. . . In sum, this is book which is very difficult to put down. Alessio Moneta, Journal of the History of Economic Thought It is not difficult to understand why this volume commands high praise from macroeconomic theorists, practitioners and teachers. It contains many interesting features that make it an excellent companion for both students and teachers of tertiary level macroeconomics. . . The authors present the material in a way that conveys to readers that macroeconomics is a living science , continually developing and still open to debate, controversy and competing policy prescriptions. In this respect it is a book that ought to be required reading for all teachers of the subject. It is also a valuable source of background reading for professional economists involved with economic policy making. Economic Outlook and Business Review . . . a wonderful history of macroeconomic thought from Keynes to the present, with an outstanding bibliography. It should be useful to undergraduates and graduate students as well as professional economists. Highly recommended. Steven Pressman, Choice Brian Snowdon and Howard Vane are well-known for their astute understanding of the main macroeconomic schools of thought and their skilled use of interviews with major figures. Here, they deploy a depth of scholarship in explaining the different schools and their key points of departure from one another. This book will be particularly useful to students looking for a clear, non-technical explanation of the main approaches to macroeconomics. Patrick Minford, Cardiff University, UK There are two steps to learning macroeconomics. First, to see it as it is today. Second, to understand how it got there: to understand the right and the wrong turns, the hypotheses that proved false, the insights that proved true, and the interaction of events and ideas. Only then, does one truly understand macroeconomics. This book is about step two. It does a marvellous job of it. The presentation is transparent, the interviews fascinating. You will enjoy, and you will learn. Olivier Blanchard, Massachusetts Institute of Technology, US In 40 years of teaching macroeconomics, there has been just one textbook that I have assigned year after year after year, namely, A Modern Guide to Macroeconomics by Snowdon, Vane and Wynarczyk. That altogether admirable book made clear to students what were, and are, the main intellectual issues in macroeconomics and did so with just enough formal modeling to avoid distortion by over-simplification. That book is now ten years old and the debate in macro has moved on. So there is good reason to welcome Snowdon and Vane back with this superb updated version. Axel Leijonhufvud, University of Trento, Italy This outstanding book avoids the narrow scope of most textbooks and provides an excellent guide to an unusually broad range of ideas. Thomas Mayer, University of California, Davis, US More than a decade after the publication of the critically acclaimed A Modern Guide to Macroeconomics, Brian Snowdon and Howard Vane have produced a worthy successor in the form of Modern Macroeconomics. Thoroughly extended, revised and updated, it will become the indispensable text for students and teachers of macroeconomics in the new millennium. The authors skilfully trace the origins, development and current state of modern macroeconomics from an historical perspective. They do so by thoroughly appraising the central tenets underlying the main competing schools of macroeconomic thought as well as their diverse policy imp

Author : Roger E. Backhouse
Publisher : Cambridge University Press
ISBN 13 : 110702319X
Total Pages : 239 pages
Book Rating : 4.92/5 ( download)

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Download or read book Transforming Modern Macroeconomics written by Roger E. Backhouse and published by Cambridge University Press. This book was released on 2013 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Frank Ackerman
Publisher : Routledge
ISBN 13 : 1135997381
Total Pages : 237 pages
Book Rating : 4.80/5 ( download)

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Download or read book The Flawed Foundations of General Equilibrium Theory written by Frank Ackerman and published by Routledge. This book was released on 2004-06-24 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world. Even with its counterfactual assumptions taken for granted, it fails on many levels. Under the impressive editorship of Ackerman and Nadal, this book will appeal to students and researchers in economics and related social science disciplines.