Fiscal Policy, Rational Expectations, and Private Consumption
Author : Hassan Molana
Publisher :
Page : 38 pages
File Size : 42,18 MB
Release : 1988
Category : Fiscal policy
ISBN :
Author : Hassan Molana
Publisher :
Page : 38 pages
File Size : 42,18 MB
Release : 1988
Category : Fiscal policy
ISBN :
Author : Klaus Schmidt-Hebbel
Publisher : World Bank Publications
Page : 46 pages
File Size : 39,83 MB
Release : 1995
Category : Apertura economica - Chile
ISBN :
Author : Richard Hemming
Publisher : International Monetary Fund
Page : 62 pages
File Size : 10,89 MB
Release : 2002-12
Category : Business & Economics
ISBN :
This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.
Author : Graham Keith Shaw
Publisher :
Page : 150 pages
File Size : 36,88 MB
Release : 1984
Category : Business & Economics
ISBN :
Author : Farrokh Langdana
Publisher : Springer Science & Business Media
Page : 298 pages
File Size : 36,66 MB
Release : 2009-04-05
Category : Business & Economics
ISBN : 0387776664
This is an applications-oriented text that demystifies the linkages between monetary and fiscal policies and key macroeconomic variables such as income, unemployment, inflation and interest rates. Specially written "newspaper" articles simulate current macroeconomic news on asset-price bubbles, exchange rates, hyperinflation and more. Exercises and diagrams, and a global perspective – incorporating both developed and emerging economies - make this a broadly useful, real-world oriented text on a complex and shifting subject.
Author : Thanos Catsambas
Publisher : World Bank Publications
Page : 13 pages
File Size : 11,6 MB
Release : 1993
Category : Finance, Public
ISBN :
We need to know more about individual citizens' responses to macroeconomic choices - about the political economy of public economics.
Author : Thomas J. Sargent
Publisher : Princeton University Press
Page : 390 pages
File Size : 44,32 MB
Release : 2013-05-05
Category : Business & Economics
ISBN : 1400847648
A fully expanded edition of the Nobel Prize–winning economist's classic book This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize in economics. Rational expectations theory is based on the simple premise that people will use all the information available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically demanding. Here, Sargent engages with practical problems in economics in a less formal, noneconometric way, demonstrating how rational expectations can satisfactorily interpret a range of historical and contemporary events. He focuses on periods of actual or threatened depreciation in the value of a nation's currency. Drawing on historical attempts to counter inflation, from the French Revolution and the aftermath of World War I to the economic policies of Margaret Thatcher and Ronald Reagan, Sargent finds that there is no purely monetary cure for inflation; rather, monetary and fiscal policies must be coordinated. This fully expanded edition of Rational Expectations and Inflation includes Sargent's 2011 Nobel lecture, "United States Then, Europe Now." It also features new articles on the macroeconomics of the French Revolution and government budget deficits.
Author : Martin Weale
Publisher : Routledge
Page : 348 pages
File Size : 38,16 MB
Release : 2015-10-05
Category : Business & Economics
ISBN : 131737942X
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.
Author : Roger Farmer
Publisher : Oxford University Press
Page : 264 pages
File Size : 39,32 MB
Release : 2010-03-31
Category : Business & Economics
ISBN : 0199889643
Expectations, Employment and Prices brings Keynesian economics into the 21st century by providing a new paradigm that explains how high unemployment could potentially persist forever without a little help from the government. The book fills in logical gaps that were missing from Keynes' General Theory of Employment Interest and Money by reconciling some of its key ideas with modern economic theory. Central bankers throughout the world are talking now about developing a second instrument of monetary policy in addition to controlling the interest rate. Roger Farmer directly addresses this issue and offers new creative monetary policy proposals and suggestions for the design of new financial institutions for the 21st century.
Author : Anne Brunila
Publisher :
Page : 46 pages
File Size : 26,70 MB
Release : 1997
Category :
ISBN :
Tiivistelmä.