Macroeconomic policy

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  • Nhằm giúp các bạn củng cố lại kiến thức đã học và có thêm tài liệu phục vụ nhu cầu học tập và ôn thi về kinh tế vĩ mô, mời các bạn cùng tham khảo nội dung tài liệu "Chapter 36: Five debates over macroeconomic policy. Hy vọng tài liệu sẽ giúp các bạn tự tin hơn trong kỳ thi sắp tới.

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  • This report investigates the income and equity effects of macroeconomic policy reforms in Zimbabwe, emphasizing linkages between macroeconomic policies and agricultural performance and agriculture's influence on aggregate income and its distribution.Analyses focus on reform of the foreign trade regime, public expenditure, and tax policy, along with the potential benefits of combining these structural changes with various land reform scenarios.

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  • In this chapter you will consider whether policymakers should try to stabilize the economy, consider whether monetary policy should be made by rule rather than by discretion, consider whether the central bank should aim for zero inflation, consider whether fiscal policymakers should reduce the government debt, consider whether the tax laws should be reformed to encourage saving.

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  • Chapter 22 - Macro policy in developing countries. After reading this chapter, you should be able to: State some comparative statistics on rich and poor countries, differentiate growth from development and explain how those differences affect macroeconomic policy, explain the particular problems of monetary policy in a developing country context, list seven obstacles facing developing countries.

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  • Chapter 11 - The structural stagnation policy dilemma. After reading this chapter, you should be able to: Differentiate a structural stagnation from a standard recession, demonstrate in the AS/AD model how globalization can mask inflationary pressures caused by expansionary policies, explain the role of globalization and the financial bubble in creating a structural stagnation problem, outline the policy choices that policy makers have to deal with structural stagnation.

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  • Chapter 3: Economic institutions. In this chapter you will learn: Define market economy and compare and contrast socialism with capitalism, describe the role of businesses and households in a market economy, list and discuss the various roles of government, explain why global policy issues differ from national policy issues.

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  • Chapter 9 - The short-run Keynesian policy model: Demand-side policies. After reading this chapter, you should be able to: Discuss the key insight of the AS/AD model and list both its assumptions and its components, describe the shape of the aggregate demand curve and what factors shift the curve, explain the shape of the short-run and long-run aggregate supply curves and what factors shift the curves,...

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  • Chapter 10 - The classical long-run policy model: Growth and supply-side policies. After reading this chapter, you should be able to: Define growth, list its benefits and costs, and relate it to living standards; discuss the relationship among markets, specialization, and growth; list five important sources of growth.

    ppt16p whocarea 05-09-2016 1 1   Download

  • Chapter 12 - The financial sector and the economy. After reading this chapter, you should be able to: Discuss the functions and measures of money, define banks and explain how they create money, explain why the financial sector is so important to macroeconomic debates, explain the role of interest rates in an economy.

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  • Chapter 13 - Monetary policy. After reading this chapter, you should be able to: Explain how monetary policy works in the AS/AD model in both the traditional and structural stagnation models, discuss how monetary policy works in practice, discuss the tools of conventional monetary policy, discuss the complex nature of monetary policy and the importance of central bank credibility.

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  • Chapter 14 - Financial crises, panics, and unconventional monetary policy. After reading this chapter, you should be able to: Explain why financial crises are dangerous and why most economists see a role for the central bank as a lender of last resort, explain the role of leverage and herding in financial bubbles and how central bank policy can contribute to a financial bubble, explain why regulating the financial sector and preventing financial crises is so difficult,...

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  • Chapter 16 - The fiscal policy dilemma. After reading this chapter, you should be able to: Summarize the Classical view of sound finance, summarize the Keynesian view of functional finance, list six assumptions of the AS/AD model that lead to potential problems with the use of fiscal policy.

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  • Chapter 18 - Inflation, deflation, and macro policy. After reading this chapter, you should be able to: Discuss the definitions and measures of inflation and some of their problems, discuss the distributional effects and costs of inflation, summarize the inflation process and the quantity theory of money, define the Phillips curve relationship between inflation and unemployment.

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  • Chapter 19 - International trade policy. After reading this chapter, you should be able to: Summarize some important data of trade, explain policies countries use to restrict trade, summarize the reasons for trade restrictions and why economists generally oppose trade restrictions, explain how free trade associations both help and hinder international trade.

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  • Chapter 20 - International financial policy. After reading this chapter, you should be able to: Summarize the balance of payments accounts and explain the relationship between the current account and the financial and capital account, explain how exchange rates are determined and how government can influence them, discuss the problem of determining the appropriate exchange rate, differentiate various exchange rate regimes and discuss the advantages and disadvantages of each.

    ppt17p whocarea 05-09-2016 5 1   Download

  • Chapter 21 - Macro policy in a global setting. After reading this chapter, you should be able to: Discuss why there is significant debate about what U.S. international goals should be, describe the paths through which monetary and fiscal policy affect the trade balance, summarize the reasons why governments try to coordinate their monetary and fiscal policies, explain how restoring U.S. competitiveness will likely affect U.S. policy in the future.

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  • Why have some countries experienced rapid growth in incomes over the past century while others stay mired in poverty? Why do some countries have high rates of inflation while others maintain stable prices? Why do all countries experience recessions and depressions—recurrent periods of falling incomes and rising unemployment—and how can government policy reduce the frequency and severity of these episodes? Macroeconomics, the study of the economy as a whole, attempts to answer these and many related questions.

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  • This text offers business school students an excellent practical explanation of the short-term linkages in the macroeconomic arena. While the underlying theoretical constructs are not ignored, emphasis is placed on the empirical underpinnings and managerial implications of macroeconomics. The text begins by introducing key concepts such as the GDP, National and Personal Income, and the various measures of inflation and unemployment.

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  • This book was written to complete the curriculum requirement of the Master’s of Macroeconomics degree. Macroeconomics is a very practical subject and can be very useful for policy making. Domestic and international economies are subjected to variations in savings, income, exchange rates, as well as interest rates and the balance of payments. This book attempts to explain the domestic and international factors responsible for creating the equilibrium of the balance of payments, interest rates and inflation....

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  • There is huge uncertainty about future budget deficits and their financing. Economists disagree about how quickly deficits should be reduced: some would stress deflation risks and others inflation risks. Even if economists were to agree, there would still be great uncertainty about political choices on macroeconomic policy. It is nevertheless certain that government debt/GDP ratios in major countries will continue to rise over the next few years. Even the optimistic G20 pronouncements do not envisage debt/GDP ratios in the advanced countries stabilising before 2016.

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