Dynamic Modeling, Empirical Macroeconomics, and Finance

Dynamic Modeling, Empirical Macroeconomics, and Finance
Author: Lucas Bernard
Publisher: Springer
Total Pages: 332
Release: 2016-10-03
Genre: Business & Economics
ISBN: 3319398873

This edited volume, with contributions by area experts, offers discussions on a range of evolving topics in economics and social development. At center are important issues central to sustainable development, economic growth, technological change, the economics of climate change, commodity markets, long wave theory, non-linear dynamic models, and boom-bust cycles. This is an excellent reference for academic and professional economists interested in emerging areas of empirical macroeconomics and finance. For policy makers and curious readers alike, it is also an outstanding introduction to the economic thinking of those who seek a holistic and all-compassing approach in economic theory and policy. Looking into new data and methodology, this book offers fresh approaches in a post-crisis environment. Set in a profound understanding of the diverse currents within the many traditions of economic thought, this book pushes the established frontiers of economic thinking. It is dedicated to a leading scholar in the areas covered in this book, Willi Semmler.

The Methodology of Empirical Macroeconomics

The Methodology of Empirical Macroeconomics
Author: Kevin D. Hoover
Publisher: Cambridge University Press
Total Pages: 204
Release: 2001-10-11
Genre: Business & Economics
ISBN: 9780521003216

The Methodology of Empirical Macroeconomics stakes out a pragmatic middle-ground between traditional, prescriptive economic methodology and recent descriptive (sociological or rhetorical) methodology. The former is sometimes seen as arrogantly telling economists how to do their work and the latter as irrelevant to their practice. The lectures are built around a case study of a concrete example of macroeconomic analysis. They demonstrate that economic methodology and the philosophy of science offer insights that help to resolve the genuine concerns of macroeconomists. Some examples of questions addressed include: What is the relationship between theoretical models and empirical observations? What is the relevance of macroeconomics to policy? Should macroeconomics be viewed as a special case of microeconomics? What is the place of long-standing philosophical issues in macroeconomics, such as the scope and nature of economic laws, the role of idealizations, methodological individualism, and the problem of causality?

International Economics Two

International Economics Two
Author: Giancarlo Gandolfo
Publisher: Springer Science & Business Media
Total Pages: 588
Release: 1995-05-22
Genre: Business & Economics
ISBN: 9783540586876

This second volume covers all the conventional topics of international monetary theory and open-economy macroeconomics, and a lot more besides. Gandolfo treats such further concepts as the theory of monetary integration and the European monetary union, foreign exchange crises and the Tobin tax, theory of games and international policy coordination. It follows the "two-tier" structure of the first volume, and, thanks to its self-contained treatment, may equally be used as a reference book.

Economic Ideas You Should Forget

Economic Ideas You Should Forget
Author: Bruno S. Frey
Publisher: Springer
Total Pages: 168
Release: 2017-03-08
Genre: Business & Economics
ISBN: 3319474588

Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.

credit chains and sectoral comovement: does the use of trade credit amplify sectoral shocks?

credit chains and sectoral comovement: does the use of trade credit amplify sectoral shocks?
Author: Claudio Raddatz
Publisher: World Bank Publications
Total Pages: 53
Release: 2010
Genre:
ISBN:

This paper provides evidence of the presence and relevance of the credit chain propagation and amplification mechanism described by Kiyotaki and Moore (1997) by looking at its implications for the correlation of industries. In particular, it tests the hypothesis that an increase in the use of trade credit, along the input-output chain linking two industries, results in an increase in their output correlation using detailed data on the correlations and input-output relations of 378 manufacturing industry pairs across 43 countries with different degrees of use of trade credit. The results provide strong support for this hypothesis and indicate that the mechanism is quantitatively relevant.

NBER Macroeconomics Annual 2002

NBER Macroeconomics Annual 2002
Author: Ben S. Bernanke
Publisher: MIT Press
Total Pages: 370
Release: 2003
Genre: Business & Economics
ISBN: 9780262571739

Current issues in macroeconomics.

Empirical Macroeconomics for Interdependent Economies

Empirical Macroeconomics for Interdependent Economies
Author: Ralph C. Bryant
Publisher: Brookings Institution Press
Total Pages: 368
Release: 1988
Genre: Business & Economics
ISBN:

Reports the results of simulation experiments which used l2 multicountry econometric models to explore the interdependence of national economies.

Macroeconomics and the History of Economic Thought

Macroeconomics and the History of Economic Thought
Author: H.M. Krämer
Publisher: Routledge
Total Pages: 558
Release: 2012-03-29
Genre: Business & Economics
ISBN: 1136329129

The essays in this Festschrift have been chosen to honour Harald Hagemann and his scientific work. They reflect his main contributions to economic research and his major fields of interest. The essays in the first part deal with various aspects within the history of economic thought. The second part is about the current state of macroeconomics. The essays in the third part of the book cover topics on economic growth and structural dynamics.