CURRENT CONTROVERSIES IN MACROECONOMICS

AvHoward R. Vane,John L. Thompson

Inbunden, Engelska, 1992

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Häftad

562 kr

Beskrivning

This book provides a concise yet rigorous discussion of the main issues in modern macroeconomics. In particular, it examines the controversy over the role and conduct of macroeconomic stabilization policy.While the book is written in such a way as to allow students to read individual chapters in isolation, according to their interests and needs, the book follows a structured direction. After providing a review of mainstream macro-models and the chief areas of controversy between Keynesian, Monetarist and New Classical approaches to stabilization policy, subsequent chapters focus on selected key controversies: the balance of payments and exchange rates; inflation and unemployment; money and economic activity; fiscal policy and aggregate demand; and business cycles.The approach adopted by the authors make this book highly responsive to teaching and student needs. This authoritative state-of-the-art survey of modern macroeconomics will be essential reading for intermediate level courses in macroeconomics.

Produktinformation

Utgivningsdatum:1992-01-01
Mått:156 x 234 x undefined mm
Format:Inbunden
Språk:Engelska
Förlag:Edward Elgar Publishing Ltd
ISBN:9781852780890

Utforska kategorier

Makroekonomi inom Ekonomi och Ledarskap

Mer om författaren

Howard R. Vane, Emeritus Professor of Economics, Liverpool Business School and John L. Thompson, Reader in Finance, Liverpool John Moores University, UK

Recensioner i media

'. . . usefully recommended as an additional reading for intermediate undergraduate courses.'

Innehållsförteckning

Part 1 Mainstream macro-models and schools of thought: mainstream macro-modesl; mainstream schools of thought. Part 2 The balance of payments and exchange rates: the Mundell-Fleming - Keynesian model under fixed exchange rates; the monetary approach to the balance of payments under fixed exchange rates; the Mundell-Fleming - Keynesian model under flexible exchange rates; the monetary approach under flexible exchange rates; exchange rate models and overshooting. Part 3 Inflation and unemployment: the Phillips curve; the expectations-augmented Phillips curve; policy implications. Part 4 Money and economic activity: monetary policy in the IS-LM model; the determination of the money supply; the demand for money; the transmission mechanism; empirical evidence on the demand for money. Part 5 Fiscal policy and aggregate demand: Keynesian view; monetarist view; the government budget constraint and the controversy over the power of fiscal policy; crowding-out in the AD-AS model. Part 6 Business cycles: the nature of the business cycle; early theories of the business cycle; the equilibrium business cycle; the political business cycle.