Keynesian Approach

Ebook "The demand for money: Theoretical and empirical approaches" takes a microeconomic- and aggregation-theoretic approach to the topic and presents empirical evidence using state-of-the-art econometric methodology, while recognizing the existence of unsolved problems and the need for further developments. The new edition is fully revised and includes new chapters.

384p loivantrinh 29-10-2023 7 3   Download

In ebook "Currencies, capital flows, and crises: A post Keynesian analysis of exchange rate determination" the traditional approach is reviewed and critiqued and the alternative is then built by studying the psychology of the market and balance of payments questions. The central model has at its core Keynes’ analysis of the macroeconomy and it assumes neither full employment nor balanced trade over the short or long run.

166p loivantrinh 29-10-2023 7 4   Download

Ebook Macroeconomics Theory: Part 2 presents the following content: Money Supply: Definition of Money and Importance of Money; Money Multiplier and Credit Creation by Commercial Banks; Equilibrium in Product and Money Market; Effect of Monetary Policies Under Different Cases in IS-LM Framework;...Please refer to the documentation for more details.

139p chankora 16-06-2023 6 2   Download

Lecture Macroeconomics in context: A European perspective - Chapter 9: Aggregate demand and economic fluctuations. In this chapter you will learn: Describe how unemployment and inflation behave over the business cycle; model consumption and investment, the components of aggregate demand; describe the problem that “leakages” present for maintaining aggregate demand, and the classical and Keynesian approaches to leakages;…

72p runordie1 10-05-2022 9 1   Download

This paper examines the relationship between fiscal deficit and economic growth for the period 1950-51 to 2014-15 in case of Odisha. The empirical result of Johansen-Juseilius cointegration approach established the long run association between fiscal deficit and economic growth and through VECM model we conclude unidirectional causality that runs from fiscal deficit to economic growth both in the short run and long run. This empirical finding goes in favor of Keynesian school of thought.

7p trinhthamhodang2 21-01-2020 16 0   Download

The paper proposes an empirical VAR for the UK open economy in order to measure the effects of monetary policy shocks from 1981 to 2003. The identification of the VAR structure is based on short-run restrictions that are consistent with the general implications of a New Keynesian model. The identification scheme used in the paper is successful in identifying monetary policy shocks and solving the puzzles and anomalies regarding the effects of monetary policy shocks.

37p pnq9292 14-03-2017 68 3   Download

This chapter define fiscal policy and describe fiscal goals and instruments at the macroeconomic, sectoral and microeconomic levels; discuss the evolution of views on the macroeconomic role of fiscal policy, focusing on the distinction between the Keynesian and structural approaches and the choice between discretionary and rulesbased fiscal regimes; distinguish between the various definitions of budget balance and explain the economic significance of each;...

23p allbymyself_09 23-02-2016 39 3   Download

What a difference a few years can make! The financial crisis that engulfed mature economies in the late 2000s has prompted much soul searching. Economists are now trying hard to incorporate financial factors into standard macroeconomic models. However, the prevailing, in fact almost exclusive, strategy is a conservative one. It is to graft additional so-called financial “frictions” on otherwise fully well behaved equilibrium macroeconomic models, built on real-business-cycle foundations and augmented with nominal rigidities.

848p mebachano 01-02-2013 44 3   Download

In this book we try to present a balanced overview of modern macroeconomic theory. We have adhered to two guiding principles in writing this book. First, we have adopted a rather eclectic approach by paying attention not just to the most recent insights in the field but also to developments that are currently less fashionable. In doing so we hope to provide the students with a better overview of current and past debates in macroeconomic theory.

718p kimngan_1 05-11-2012 53 5   Download