Long Run Growth And Short Run Stabilization PDF Download
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Author | : The late Lawrence R. Klein |
Publisher | : Edward Elgar Publishing |
Total Pages | : 434 |
Release | : 2006-02-24 |
Genre | : Business & Economics |
ISBN | : 9781781950500 |
Download Long-run Growth and Short-run Stabilization Book in PDF, ePub and Kindle
There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the contributors elaborate on the main issues of economic analysis and policies that concerned him.
Author | : Lars Calmfors |
Publisher | : Springer |
Total Pages | : 268 |
Release | : 1983-06-18 |
Genre | : Business & Economics |
ISBN | : 1349063495 |
Download Long-Run Effects of Short-Run Stabilization Policy Book in PDF, ePub and Kindle
Author | : Guillermo E. Perry |
Publisher | : World Bank Publications |
Total Pages | : 354 |
Release | : 2007-10-19 |
Genre | : Business & Economics |
ISBN | : 0821370855 |
Download Fiscal Policy, Stabilization, and Growth Book in PDF, ePub and Kindle
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 | : International Monetary Fund. External Relations Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 60 |
Release | : 2014-08-25 |
Genre | : Business & Economics |
ISBN | : 1475566980 |
Download Finance & Development, September 2014 Book in PDF, ePub and Kindle
This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.
Author | : Michael D. Bordo |
Publisher | : University of Chicago Press |
Total Pages | : 545 |
Release | : 2013-06-28 |
Genre | : Business & Economics |
ISBN | : 0226066959 |
Download The Great Inflation Book in PDF, ePub and Kindle
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 257 |
Release | : 2015-04-20 |
Genre | : Business & Economics |
ISBN | : 1498344658 |
Download Fiscal Policy and Long-Term Growth Book in PDF, ePub and Kindle
This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
Author | : Ms.Valerie Cerra |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 2020-05-29 |
Genre | : Business & Economics |
ISBN | : 1513536990 |
Download Hysteresis and Business Cycles Book in PDF, ePub and Kindle
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Author | : Yair Listokin |
Publisher | : Harvard University Press |
Total Pages | : 281 |
Release | : 2019-03-11 |
Genre | : Law |
ISBN | : 0674976053 |
Download Law and Macroeconomics Book in PDF, ePub and Kindle
After 2008, private-sector spending took a decade to recover. Yair Listokin thinks we can respond more quickly to the next meltdown by reviving and refashioning a policy approach, used in the New Deal, to harness law’s ability to function as a macroeconomic tool, stimulating or relieving demand as required under certain crisis conditions.
Author | : L. Taylor |
Publisher | : Taylor & Francis |
Total Pages | : 112 |
Release | : 2013-06-17 |
Genre | : Business & Economics |
ISBN | : 1136461930 |
Download Stabilization and Growth in Developing Countries Book in PDF, ePub and Kindle
Lance Taylor uses structuralist models to examine the issues of short-term fluctuations and long-term growth in developing economies.
Author | : |
Publisher | : |
Total Pages | : 196 |
Release | : 2008 |
Genre | : Budget |
ISBN | : |
Download The Budget and Economic Outlook Book in PDF, ePub and Kindle