Advance Macroeconomics, David Romer, 1996

Macroeconomics
Author: McGraw-Hill
Publisher: Bukupedia
ISBN: N.A
Category: Business & Economics
Page: 550
View: 6203
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Study Macroeconomics

ACRN Proceedings in Finance and Risk Series ‘13

Proceedings of the 13th FRAP Conference in Cambridge
Author: Dr. Othmar M. Lehner,Dr. Richard Harrison
Publisher: ACRN Publishing House
ISBN: 3950351817
Category: Business & Economics
Page: 587
View: 5957
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Proceedings of the 14th FRAP Finance, Risk and Accounting Perspectives conference taking place in Cambridge UK.

Exam Prep for: Macroeconomics Mcgraw-hill Series Economics


Author: David Mason
Publisher: Rico Publications
ISBN: N.A
Category: Education
Page: 800
View: 7679
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5,600 Exam Prep questions and answers. Ebooks, Textbooks, Courses, Books Simplified as questions and answers by Rico Publications. Very effective study tools especially when you only have a limited amount of time. They work with your textbook or without a textbook and can help you to review and learn essential terms, people, places, events, and key concepts.

Exam Prep for: Macroeconomics with Connect Mcgraw-hill Series; Economics


Author: David Mason
Publisher: Rico Publications
ISBN: N.A
Category: Education
Page: 800
View: 2178
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5,600 Exam Prep questions and answers. Ebooks, Textbooks, Courses, Books Simplified as questions and answers by Rico Publications. Very effective study tools especially when you only have a limited amount of time. They work with your textbook or without a textbook and can help you to review and learn essential terms, people, places, events, and key concepts.

Macroeconomics


Author: Paul Anthony Samuelson,William D. Nordhaus
Publisher: Irwin/McGraw-Hill
ISBN: 9780070164949
Category: Macroeconomics
Page: 403
View: 9533
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Samuelson's text was first published in 1948, and it remains the standard bearer for principles courses. This revision continues to be a clear, accurate introduction to macroeconomics.

Lectures on Behavioral Macroeconomics


Author: Paul De Grauwe
Publisher: Princeton University Press
ISBN: 1400845378
Category: Business & Economics
Page: 152
View: 5213
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In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shocks. The combination of these shocks and the slow adjustments of wages and prices by rational agents leads to cyclical movements. In this book, Paul De Grauwe argues for a different macroeconomics model--one that works with an internal explanation of the business cycle and factors in agents' limited cognitive abilities. By creating a behavioral model that is not dependent on the prevailing concept of rationality, De Grauwe is better able to explain the fluctuations of economic activity that are an endemic feature of market economies. This new approach illustrates a richer macroeconomic dynamic that provides for a better understanding of fluctuations in output and inflation. De Grauwe shows that the behavioral model is driven by self-fulfilling waves of optimism and pessimism, or animal spirits. Booms and busts in economic activity are therefore natural outcomes of a behavioral model. The author uses this to analyze central issues in monetary policies, such as output stabilization, before extending his investigation into asset markets and more sophisticated forecasting rules. He also examines how well the theoretical predictions of the behavioral model perform when confronted with empirical data. Develops a behavioral macroeconomic model that assumes agents have limited cognitive abilities Shows how booms and busts are characteristic of market economies Explores the larger role of the central bank in the behavioral model Examines the destabilizing aspects of asset markets

Principles of Macroeconomics


Author: Robert H. Frank,Ben Bernanke,Louis Dorrance Johnston
Publisher: McGraw-Hill Higher Education
ISBN: 9780073362656
Category: Business & Economics
Page: 508
View: 3884
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In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of attempting to teach a short list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. Although a few other texts have paid lip service to this new approach, Frank/Bernanke is by far the best throughout, and the best executed principles text in this mold. Avoiding excessive reliance on formal mathematical derivations, it presents concepts intuitively through examples drawn from familiar contexts. The authors introduce a coherent short list of core principles and reinforce them by illustrating and applying each in numerous contexts. Students are periodically asked to apply these principles and to answer related questions and exercises. Frank/Bernanke also encourages students to become eoeEconomic Naturalists,e by employing basic economic principles to understand and explain what they observe in the world around them. An economic naturalist understands, for example, that infant safety seats are required in cars but not in airplanes because the marginal cost of space to accommodate these seats is typically zero in cars but often hundreds of dollars in airplanes. Such examples engage student interest while teaching them to see each feature of their economic landscape as the reflection of an implicit or explicit cost-benefit calculation.

SSRI Reprint Series


Author: University of Wisconsin--Madison. Social Systems Research Institute
Publisher: N.A
ISBN: N.A
Category:
Page: N.A
View: 7776
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The Greenbook and U.S. Monetary Policy


Author: Robert Tchaidze
Publisher: International Monetary Fund
ISBN: N.A
Category: Monetary policy
Page: 22
View: 1273
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Although very attractive both theoretically and empirically, Taylor rules imply mechanical responses by the policy variable (interest rate) to fundamental ones (inflation and output gap). This study looks for empirical evidence of a more sophisticated monetary policy, one which takes into account expected future developments. An important piece of information added is the "Greenbook" forecast series, calculated by the Federal Reserve staff and which allow evaluation of expected inflation shocks. These shocks are significant in the estimated Taylor rule, confirming that policymaking is forward looking. This paper also demonstrates that a simple Taylor rule may be a misspecification if policymakers have in mind a timevarying inflation target.