International macroeconomics has been an area of intense researchactivity during the last two decades. Stephen J Turnovsky has madea central contribution to the area, his work spanning both theoryand policy. This new volume, which presents a selection of his mostsignificant work, is intended to ...
thepoliticalbusinesscycle)ThetimeinconsistencyofdiscretionarypolicyRulesformonetarypolicy(moneysupply,nominalGDP,inflation)Rulesforfiscalpolicy Slide2 Mankiw:Macroeconomics,4/e©byWorthPublishers,Inc.Slide3 Mankiw:Macroeconomics,4/e©byWorthPublishers,Inc.Conclusion:MakingPolicyinanUncertainWorld ...
Macroeconomics,5thEditionN.GregoryMankiw BilingualTeacher:Caidonghong LectureOutline 1.ShouldPolicyBeActiveorPassive?1.1LagsintheimplementationandEffectsofPolicies1.2What’stheindexofLeadingEconomicIndicators?1.3Ignorance,Expectation,andtheLucasCritique2.ShouldPolicyBeConductedbyRuleorby...
Modeling Bond Yields in Finance and Macroeconomics From a macroeconomic perspective, the short-term interest rate is a policy instrument under the direct control of the central bank, which adjusts the rate ... Francis,X.,Diebold,... - 《American Economic Review》 被引量: 435发表: 2005年 The...
To better understand how coinsurance in property insurance works, let’s look at an example. Let’s say you have an 80% coinsurance declared in your property policy with $5,000 deductible. The replacement cost of your property is one and a half million. ...
The length of the production period and effective stabilization policy This paper presents an example of policy relevance in a simple macroeconomic model with continuous market clearing and rational expectations. When the leng... JN Smithin - 《Journal of Macroeconomics》 被引量: 22发表: 1986年 ...
1. Introduction 2. Stabilization policy in the insular economy 2.1. A model of trade and output 2.2. Flexible exchange rates
类似图书 点击查看全场最低价 出版者:MIT Press 作者:Jordi Galí 出品人: 页数:120 译者: 出版时间:2011-8-2 价格:GBP 30.00 装帧:Hardcover isbn号码:9780262015974 丛书系列: 图书标签:经济学macroeconomics Unemployment Fluctuations and Stabilization Policies 2024 pdf epub mobi 电子书 图书描述 ...
This paper derives loss functions for monetary policy that are grounded in the welfare of private agents, for optimizing models with nominal price rigiditi... M Woodford - 《Contributions in Macroeconomics》 被引量: 866发表: 2002年 Inflation Stabilization and Welfare. This paper derives loss functi...
Inflation Stabilization and Welfare This paper derives loss functions for monetary policy that are grounded in the welfare of private agents, for optimizing models with nominal price rigiditi... M Woodford - 《Contributions in Macroeconomics》 被引量: 866发表: 2002年 加载更多研究...