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Modern Macroeconomics

Modern Macroeconomics [Pdf/ePub] eBook ISBN-10: 1845424670
Author: Brian Snowdon,Howard R. Vane
Publisher: Edward Elgar Publishing
File Size: 1394 KB
File Format: Pdf
Read Count: 1107955

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Modern Macroeconomics by Brian Snowdon,Howard R. Vane Book Resume:

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

Applied Financial Macroeconomics and Investment Strategy

Applied Financial Macroeconomics and Investment Strategy [Pdf/ePub] eBook ISBN-10: 113740180X
Author: Robert T. McGee
Publisher: Springer
File Size: 1544 KB
File Format: Pdf
Read Count: 4342076

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Applied Financial Macroeconomics and Investment Strategy by Robert T. McGee Book Resume:

The absolute and relative performance of various asset classes is systematically related to macroeconomic trends. In this new book, Robert McGee provides a thorough guide to each stage of the business cycle and analyzes the investment implications using real-world examples linking economic dynamics to investment results.

Modern Money Theory

Modern Money Theory [Pdf/ePub] eBook ISBN-10: 1137265140
Author: L. Randall Wray
Publisher: Springer
File Size: 374 KB
File Format: Pdf
Read Count: 8401959

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Modern Money Theory by L. Randall Wray Book Resume:

In a challenge to conventional views on modern monetary and fiscal policy, this book presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.

Big Ideas in Macroeconomics

Big Ideas in Macroeconomics [Pdf/ePub] eBook ISBN-10: 026231441X
Author: Kartik B. Athreya
Publisher: MIT Press
File Size: 490 KB
File Format: Pdf
Read Count: 8635288

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Big Ideas in Macroeconomics by Kartik B. Athreya Book Resume:

An accessible description of modern macroeconomics, and a defense of its policy relevance. Macroeconomists have been caricatured either as credulous savants in love with the beauty of their mathematical models or as free-market fundamentalists who admit no doubt as to the market's wisdom. In this book, Kartik Athreya draws a truer picture, offering a nontechnical description of prominent ideas and models in macroeconomics, and arguing for their value as interpretive tools as well as their policy relevance. Athreya deliberately leaves out the technical machinery, providing an essential guide to the sometimes abstract ideas that drive macroeconomists' research and practical policy advice. Athreya describes the main approach to macroeconomic model construction, the foundational Walrasian general-equilibrium framework, and its modern version, the Arrow-Debreu-McKenzie (ADM) model. In the heart of the book, Athreya shows how the Walrasian approach shapes and unifies much of modern macroeconomics. He details models central to ongoing macroeconomic analyses: the neoclassical and stochastic growth models, the standard incomplete-markets model, the overlapping-generations model, and the standard search model. Athreya's accessible primer traces the links between the views and policy advice of modern macroeconomists and their shared theoretical approach.

Macroeconomics

Macroeconomics [Pdf/ePub] eBook ISBN-10: 1350306207
Author: William Mitchell,L. Randall Wray,Martin Watts
Publisher: Bloomsbury Publishing
File Size: 489 KB
File Format: Pdf
Read Count: 3400096

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Macroeconomics by William Mitchell,L. Randall Wray,Martin Watts Book Resume:

This groundbreaking new core textbook encourages students to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by comparing and contrasting heterodox and orthodox approaches to theory and policy. The first such textbook to develop a heterodox model from the ground up, it is based on the principles of Modern Monetary Theory (MMT) as derived from the theories of Keynes, Kalecki, Veblen, Marx, and Minsky, amongst others. The internationally-respected author team offer appropriate fiscal and monetary policy recommendations, explaining how the poor economic performance of most of the wealthy capitalist countries over recent decades could have been avoided, and delivering a well-reasoned practical and philosophical argument for the heterodox MMT approach being advocated. The book is suitable for both introductory and intermediate courses, offering a thorough overview of the basics and valuable historical context, while covering everything needed for more advanced courses. Issues are explained conceptually, with the more technical, mathematical material in chapter appendices, offering greater flexibility of use.

Dynamic Macroeconomics

Dynamic Macroeconomics [Pdf/ePub] eBook ISBN-10: 0262355124
Author: George Alogoskoufis
Publisher: MIT Press
File Size: 1462 KB
File Format: Pdf
Read Count: 7090125

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Dynamic Macroeconomics by George Alogoskoufis Book Resume:

An advanced treatment of modern macroeconomics, presented through a sequence of dynamic equilibrium models, with discussion of the implications for monetary and fiscal policy. This textbook offers an advanced treatment of modern macroeconomics, presented through a sequence of dynamic general equilibrium models based on intertemporal optimization on the part of economic agents. The book treats macroeconomics as applied and policy-oriented general equilibrium analysis, examining a number of models, each of which is suitable for investigating specific issues but may be unsuitable for others. After presenting a brief survey of the evolution of macroeconomics and the key facts about long-run economic growth and aggregate fluctuations, the book introduces the main elements of the intertemporal approach through a series of two-period competitive general equilibrium models—the simplest possible intertemporal models. This sets the stage for the remainder of the book, which presents models of economic growth, aggregate fluctuations, and monetary and fiscal policy. The text focuses on a full analysis of a limited number of key intertemporal models, which are stripped down to essentials so that students can focus on the dynamic properties of the models. Exercises encourage students to try their hands at solving versions of the dynamic models that define modern macroeconomics. Appendixes review the main mathematical techniques needed to analyze optimizing dynamic macroeconomic models. The book is suitable for advanced undergraduate and graduate students who have some knowledge of economic theory and mathematics for economists.

The Holy Grail of Macroeconomics

The Holy Grail of Macroeconomics [Pdf/ePub] eBook ISBN-10: 1118179188
Author: Richard C. Koo
Publisher: John Wiley & Sons
File Size: 863 KB
File Format: Pdf
Read Count: 9142407

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The Holy Grail of Macroeconomics by Richard C. Koo Book Resume:

The revised edition of this highly acclaimed work presents cruciallessons from Japan's recession that could aid the US and othereconomies as they struggle to recover from the current financialcrisis. This book is about Japan's 15-year long recession and how itaffected current theoretical thinking about its causes and cures.It has a detailed explanation on what happened to Japan, but thediscoveries made are so far-reaching that a large portion ofeconomics literature will have to be modified to accommodateanother half to the macroeconomic spectrum of possibilities thatconventional theorists have overlooked. The author developed the idea of yin and yang business cycleswhere the conventional world of profit maximization is the yang andthe world of balance sheet recession, where companies areminimizing debt, is the yin. Once so divided, many varied theoriesdeveloped in macro economics since the 1930s can be nicelycategorized into a single comprehensive theory- The Holy Grailof Macro Economics

Principles of Macroeconomics

Principles of Macroeconomics [Pdf/ePub] eBook ISBN-10: 0190990848
Author: Soumen Sikdar
Publisher: Oxford University Press
File Size: 1140 KB
File Format: Pdf
Read Count: 4958721

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Principles of Macroeconomics by Soumen Sikdar Book Resume:

Principles of Macroeconomics is a lucid and concise introduction to the theoretical and practical aspects of macroeconomics. This revised and updated third edition covers key macroeconomic issues such as national income, investment, inflation, balance of payments, monetary and fiscal policies, economic growth and banking system. This book also explains the role of the government in guiding the economy along the path of stable prices, low unemployment, sustainable growth, and planned development through many India-centric examples. Special attention has been given to macroeconomic management in a country linked to the global economy. This reader-friendly book presents a wide coverage of relevant themes, updated statistics, chapter-end exercises, and summary points modelled on the Indian context. It will serve as an indispensable introductory resource for students and teachers of macroeconomics.

Macroeconomics For Dummies

Macroeconomics For Dummies [Pdf/ePub] eBook ISBN-10: 1119184444
Author: Dan Richards,Manzur Rashid,Peter Antonioni
Publisher: John Wiley & Sons
File Size: 1942 KB
File Format: Pdf
Read Count: 8307138

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Macroeconomics For Dummies by Dan Richards,Manzur Rashid,Peter Antonioni Book Resume:

The fast and easy way to make macroeconomics manageable Macroeconomics is kind of a big deal. Without it, we wouldn't have the ability to study the economy as a whole—which is something that affects almost every aspect of your life, whether you realize it or not. From your employment status to how much you earn and pay in taxes, macroeconomics really matters. Breaking down this complicated and fascinating topic into manageable pieces, Macroeconomics For Dummies gives you fast and easy access to a subject that has a tendency to stump the masses. With the help of this plain-English guide, you'll quickly find out how to gather data about economies to inform hypotheses on everything from the impact of cutting government spending to the underlying causes of recessions and high inflation. Analyze business cycles for overall economic health Study economic indicators such as unemployment Understand financial trends on the international market Score higher in your macroeconomics class Filled with step-by-step instruction and enlightening real-world examples, this is the only book you need to slay the beast and make macroeconomics your minion!

The Other Half of Macroeconomics and the Fate of Globalization

The Other Half of Macroeconomics and the Fate of Globalization [Pdf/ePub] eBook ISBN-10: 111948216X
Author: Richard C. Koo
Publisher: John Wiley & Sons
File Size: 1518 KB
File Format: Pdf
Read Count: 5054824

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The Other Half of Macroeconomics and the Fate of Globalization by Richard C. Koo Book Resume:

Get a new perspective from the ‘other half’ of macroeconomics The failure of the vast majority of economists in government, academia and the private sector to predict either the post-2008 Great Recession or the degree of its severity has raised serious credibility issues for the profession. The repeated failures of central banks and other policymakers in all advanced countries to meet their inflation or growth targets in spite of astronomical monetary easing, have left the public rightfully suspicious of the establishment and its economists. The Other Half of Macroeconomics and the Fate of Globalization elucidates what was missing in economics all along and what changes are needed to make the profession relevant to the economic challenges of today. Once the other half of macroeconomics is understood both as a post-bubble phenomenon and as a phase of post-industrial economies, it should be possible for policy makers to devise appropriate measures to overcome difficulties advanced countries are facing today such as stagnation and income inequality. • Shows how it’s possible to devise appropriate policy response to slow wage and productivity growth in these economies • Demonstrates that the effectiveness of monetary and fiscal policy changes as an economy undergoes different stages of development • Argues that tax rules, regulations and even educational system must be revised to match the need of pursued (by emerging nations) countries • Explains the 200-year process of economic development and where that process is taking all of us Inside, Richard C. Koo offers a completely new way of looking at the economic predicament of advanced countries today.

Macroeconomics For Business And Society: A Developed/developing Country Perspective On The "New Economy"

Macroeconomics For Business And Society: A Developed/developing Country Perspective On The ISBN-10: 9813102756
Author: Adams F Gerard
Publisher: World Scientific Publishing Company
File Size: 701 KB
File Format: Pdf
Read Count: 5155977

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Macroeconomics For Business And Society: A Developed/developing Country Perspective On The "New Economy" by Adams F Gerard Book Resume:

In recent years the world economy has been undergoing drastic changes, the East Asian miracle, the financial crisis, and today, globalization and the fundamental changes associated with the “new economy”. This book integrates these developments with macroeconomics for business managers and policymakers.Macroeconomics is essential background for the business manager and policymaker. Consequently macroeconomics is an integral part of the business curriculum in mature and developing countries alike. And well it should be. The economy affects decisions by investors, manufacturers, distributors, importers and exporters, etc. in all parts of the world. Often, it is the difference between growth and profitability on one hand, and stagnation or failure on the other. In recent years as the world economy has undergone overwhelming changes, especially in East Asia and now in the advanced countries, understanding what is going on in the local economy and “out there in the world” has become a particular challenge to managers. The new developments, of which the “new economy” is the most recent one, do not supercede the basic theoretical framework of macroeconomics. But they add greatly to the challenge of understanding the economic situation and to its uncertainty.This book was originally written to meet the needs of a business curriculum based on the program at the Sasin Graduate Institute of Business Administration of Chulalongkorn University in Bangkok in collaboration with the Wharton and Kellogg Business Schools in the United States. The book is intended for a broad audience — both domestic and international — that includes mature MBA business students, intermediate level undergraduates, and informed laypersons.

Macroeconomics For Dummies

Macroeconomics For Dummies [Pdf/ePub] eBook ISBN-10: 1119184444
Author: Dan Richards,Manzur Rashid,Peter Antonioni
Publisher: John Wiley & Sons
File Size: 1668 KB
File Format: Pdf
Read Count: 4130220

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Macroeconomics For Dummies by Dan Richards,Manzur Rashid,Peter Antonioni Book Resume:

The fast and easy way to make macroeconomics manageable Macroeconomics is kind of a big deal. Without it, we wouldn't have the ability to study the economy as a whole—which is something that affects almost every aspect of your life, whether you realize it or not. From your employment status to how much you earn and pay in taxes, macroeconomics really matters. Breaking down this complicated and fascinating topic into manageable pieces, Macroeconomics For Dummies gives you fast and easy access to a subject that has a tendency to stump the masses. With the help of this plain-English guide, you'll quickly find out how to gather data about economies to inform hypotheses on everything from the impact of cutting government spending to the underlying causes of recessions and high inflation. Analyze business cycles for overall economic health Study economic indicators such as unemployment Understand financial trends on the international market Score higher in your macroeconomics class Filled with step-by-step instruction and enlightening real-world examples, this is the only book you need to slay the beast and make macroeconomics your minion!

Rethinking Macroeconomics for Sustainability

Rethinking Macroeconomics for Sustainability [Pdf/ePub] eBook ISBN-10: 1848135076
Author: Alejandro Nadal
Publisher: Bloomsbury Publishing
File Size: 1038 KB
File Format: Pdf
Read Count: 4141990

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Rethinking Macroeconomics for Sustainability by Alejandro Nadal Book Resume:

Macroeconomic policies have devastating effects on the environment. They shape the economic processes that drive deforestation, soil erosion, the exhaustion of living marine resources, greenhouse gas emissions, and the massive loss of biodiversity. Despite this, the vital connection between macroeconomic policies and the environment has thus far received little attention by the academic and the policy-making communities. Rethinking Macroeconomics for Sustainability reveals the linkages between monetary, financial and fiscal policies, and the environmental degradation that threatens the planet's biosphere. In doing so, it examines the complex lines of transmission from policy priorities all the way down to the effects at the local level, as well as analyzing the deep-seated relationship between macroeconomic policy models and their impacts on growth, peoples' livelihoods and the environment. Besides exploring the relation between macroeconomic and climate change policies, as well as efforts to 'green' the world economy, the book considers five key case studies in Latin American economies. Going beyond this, it also sets out specific policy recommendations, both at the national and international levels. All this is based on the incontrovertible premise that macroeconomic policies must to be redesigned in order to attain long-term sustainability objectives, and that monetary and fiscal policies are as important for environmental stewardship as they are for growth and prosperity.

Macroeconomics For Dummies - UK

Macroeconomics For Dummies - UK [Pdf/ePub] eBook ISBN-10: 1119026687
Author: Manzur Rashid,Peter Antonioni
Publisher: John Wiley & Sons
File Size: 1599 KB
File Format: Pdf
Read Count: 4603497

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Macroeconomics For Dummies - UK by Manzur Rashid,Peter Antonioni Book Resume:

An accessible and engaging introduction to the big picture of UKand international economics Are you studying macroeconomics, but don't know inflation fromstagflation? Have no fear! This easy-to-understand guide, writtenspecifically for the UK market, is packed with real-world examplesand cases that easily illustrate the key concepts you'll need toknow to fully grasp macroeconomics and ace your exams. Taking afun, step-by-step approach to the topic, this great guide providesan engaging introduction to macroeconomics and then delves intomore specific topics, such as business cycles, inflation,unemployment, domestic output, monetary policy, and much more. When it comes to the interaction of politics, businessdecisions, consumer actions, and monetary policy, the study ofeconomics is international in scope. That means you must understandnot just the economies of nations, but also the interrelatedness ofnational economies throughout the world. This easy, accessibleguide will help you: Find out how many different financial, business, consumer, andpolitical factors interact to create the overall economic realityof nations Understand business cycles, economic growth, and fiscal andmonetary policies Study the relationships of various economic indicators, such asinflation, unemployment, and domestic output Gain a solid understanding of macroeconomics by building onmicroeconomic principles and using real-world examples If you're struggling with your economics course or you need toget up to speed on the topic of macroeconomics quickly,Macroeconomics For Dummies has you covered!

Macroeconomics for Developing Countries

Macroeconomics for Developing Countries [Pdf/ePub] eBook ISBN-10: 1134505434
Author: Raghbendra Jha
Publisher: Routledge
File Size: 1340 KB
File Format: Pdf
Read Count: 5547495

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Macroeconomics for Developing Countries by Raghbendra Jha Book Resume:

This comprehensively revised and updated edition develops the themes presented in the first edition. Students and teachers who are familiar with the book will notice entirely new chapters as well as significant revision and uptating of existing chapters to take into account global economic changes since the turn of the millennium. With qu