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Macroeconomic Policy
- Inflation, Wealth and the Exchange Rate
Engelsk
Bogcover for Macroeconomic Policy af James Meade, Nicos Christodoulakis, Martin Weale, David Vines, Andrew Blake, 9781138940024
Specifikationer
Sprog:
Engelsk
Sider:
402
ISBN-13:
9781138940024
Indbinding:
Paperback
ISBN-10:
113894002X
Kategori:
Udg. Dato:
1 aug 2017
Størrelse i cm:
23,4 x 15,6
Oplagsdato:
1 aug 2017

Macroeconomic Policy

- Inflation, Wealth and the Exchange Rate
Engelsk
Paperback 2017
Format:

Bog beskrivelse

This analysis of macroeconomic policy, originally published in 1989, argues that key government objectives, such as reduced inflation, decreased unemployment and an adequate level of national saving can be achieved only by employing both monetary and fiscal policies, in conjunction with supply-side policies expressly designed to improve the workings of the labour market.

Part 1 is a comparative analysis showing the effects of monetary and fiscal policy on the economy. Real-wage rigidity in the labour market is shown to have important consequences for the working of both types of policy, because it conditions the economy’s response to tax changes. Part 2 presents an econometric model which combines consistent stock-flow accounts with a full range of expectational effects. Part 3 presents an innovative technique for solving rational expectations models with the need for arbitary terminal conditions.

 

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Specifikationer
Sprog:
Engelsk
Sider:
402
ISBN-13:
9781138940024
Indbinding:
Paperback
ISBN-10:
113894002X
Kategori:
Udg. Dato:
1 aug 2017
Størrelse i cm:
23,4 x 15,6
Oplagsdato:
1 aug 2017
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