The Welfare Implications Of Uncertain Growth Rates For Stabilization Policy
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| Author | : James A. Dorn |
| Publisher | : Cato Institute |
| Total Pages | : 334 |
| Release | : 2018-08-07 |
| Genre | : Business & Economics |
| ISBN | : 194864715X |
Ten years after the 2008 financial crisis we are again facing the possibility of economic turmoil as the Fed and other central banks exit their unconventional monetary policies by raising interest rates and shrinking their balance sheets. This book brings together leading scholars and former policymakers to draw lessons from the decade of unconventional monetary policies relied upon to stimulate the global economy in the aftermath of the financial crisis. The articles included in this book combine historical perspectives and forward-looking views of the Fed’s exit strategy and monetary normalization, along with the arguments for a rules-based monetary policy both at the domestic and international levels.
| Author | : Willem H. Buiter |
| Publisher | : University of Michigan Press |
| Total Pages | : 392 |
| Release | : 1989 |
| Genre | : Economic development |
| ISBN | : 9780472101382 |
Brings together Buiter's major papers on macroeconomic theory and policy
| Author | : Guillermo E. Perry |
| Publisher | : World Bank Publications |
| Total Pages | : 354 |
| Release | : 2007-10-19 |
| Genre | : Business & Economics |
| ISBN | : 0821370855 |
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often amplified cyclical volatility and dampened growth. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and asesses their possible solutions.
| Author | : Ruediger Bachmann |
| Publisher | : Elsevier |
| Total Pages | : 876 |
| Release | : 2022-11-04 |
| Genre | : Business & Economics |
| ISBN | : 0128234768 |
Handbook of Economic Expectations discusses the state-of-the-art in the collection, study and use of expectations data in economics, including the modelling of expectations formation and updating, as well as open questions and directions for future research. The book spans a broad range of fields, approaches and applications using data on subjective expectations that allows us to make progress on fundamental questions around the formation and updating of expectations by economic agents and their information sets. The information included will help us study heterogeneity and potential biases in expectations and analyze impacts on behavior and decision-making under uncertainty. - Combines information about the creation of economic expectations and their theories, applications and likely futures - Provides a comprehensive summary of economics expectations literature - Explores empirical and theoretical dimensions of expectations and their relevance to a wide array of subfields in economics
| Author | : Sven R Larson |
| Publisher | : Routledge |
| Total Pages | : 176 |
| Release | : 2019-01-15 |
| Genre | : Social Science |
| ISBN | : 1351754149 |
This title was first published in 2002: This monograph sets out to model a macroeconomy that is inherently unstable because of qualitative - or Keynesian - uncertainty. By modelling a macroeconomic theory, this approach to fixed or sticky prices also investigates the link between uncertainty, sticky prices, and macro-stability - by suggesting that such prices improve economic activity rather than impeding it.
| Author | : Patricia K. Hymson |
| Publisher | : |
| Total Pages | : 260 |
| Release | : 1982 |
| Genre | : Economic policy |
| ISBN | : |
| Author | : Leila Simona Talani |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 213 |
| Release | : 2008-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1848441509 |
Very comprehensive and based on a detailed economic and political analysis, Between Growth and Stability is clearly a vital book for both students and seasoned economists. . . Thomas Bauwens, Bibliothèque Européenne Combining economic and political science perspectives, this timely and important book describes and analyses the circumstances and events leading to the demise and subsequent reform of the Stability and Growth Pact (SGP). Between Growth and Stability aims to find a solution to the dilemmas posed by fiscal policy coordination in the context of a single currency area, as well as contrasting the alternative heuristic frameworks and theoretical perspectives employed. It focuses particularly on the question of credibility, its definition and its meaning in the day-to-day workings of economic and monetary union. The book examines the actual performance of the SGP and proposes ways in which the integrity of European fiscal rule making might be improved in the future. This book will be essential reading for policymakers, politicians, members of European institutions and international organizations. The in-depth analysis will also be invaluable to scholars of international relations and economics, as well as undergraduate and postgraduate students in international relations, political science and economics.
| Author | : Mr.Roel M. W. J. Beetsma |
| Publisher | : International Monetary Fund |
| Total Pages | : 34 |
| Release | : 2003-09-01 |
| Genre | : Business & Economics |
| ISBN | : 145185871X |
This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pact may harm structural reforms, sacrificing future growth for present stability. The welfare gains brought about by a pact depend on a trade-off between the reduction in the deficit bias and the induced reduction in the amount of structural reform. A pact becomes more attractive (“smarter”) if it takes into account the fiscal impact of structural reforms, in line with a recent proposal by the European Commission.
| Author | : Michael D. Bordo |
| Publisher | : University of Chicago Press |
| Total Pages | : 288 |
| Release | : 2007-12-01 |
| Genre | : Business & Economics |
| ISBN | : 0226066894 |
This volume provides a critical evaluation of Anna J. Schwartz's work and probes various facets of the immense contribution of her scholarship—How well has it stood the test of time? What critiques have been leveled against it? How has monetary research developed over the years, and how has her influence been manifested? Bordo has collected five conference papers presented by leading monetary scholars, discussants' comments, and closing remarks by Milton Friedman and Karl Brunner. Each of these insightful surveys extends Schwartz's work and makes its own contribution to the fields of monetary history, theory, and policy. The volume also contains a foreword by Martin Feldstein and a selected bibliography of publications by Anna Schwartz.
| Author | : Franco Modigliani |
| Publisher | : MIT Press |
| Total Pages | : 410 |
| Release | : 1989 |
| Genre | : |
| ISBN | : 9780262132442 |
