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Look Inside Macroeconomic Analysis and Stabilization Policy

Macroeconomic Analysis and Stabilization Policy


  • Date Published: August 1977
  • availability: Available
  • format: Paperback
  • isbn: 9780521291873

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About the Authors
  • The main focus of this book, first published in 1977, is the construction and analysis of an integrated macroeconomic model. In this exercise, four main aspects are stressed that has not previously received adequate textbook attention. The 'intrinsic dynamics' of the macroeconomic system are emphasized, as well as developments in inflation theory, particularly pertaining to the role of inflationary expectations. In addition, several chapters are devoted to the international aspects of macroeconomics, and their thorough coverage makes this book especially relevant to countries that are heavily dependant on international trade. Several aspects of stabilization policy are also discussed in detail, and an introduction to optimal stabilization theory is also provided. The book is appropriate to advanced undergraduate and postgraduate courses in macroeconomics.

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    Product details

    • Date Published: August 1977
    • format: Paperback
    • isbn: 9780521291873
    • length: 408 pages
    • dimensions: 229 x 152 x 23 mm
    • weight: 0.6kg
    • availability: Available
  • Table of Contents

    1. introduction and overview
    Part I. The Closed Economy:
    2. Review of basic macroeconomic model
    3. The formulation of a consistent macroeconomic model
    4. the dynamics of the government budget constraint
    5. The wage-price sector
    6. A short-run integrated macroeconomic model
    7. An intermediate ruin macroeconomic model
    8. A long run model
    Part III. The Open Economy:
    9. Review of static macroeconomic models of a small open economy
    10. Imported inflation and government policies in a short-run open macroeconomic model
    11. The dynamics of an open economy with fixed exchange rate and fixed prices
    12. Imported inflation and government policies in a dynamic open macroeconomic model
    Part III. Stabilization Policies:
    13. An introduction to stabilization theory and policy
    14. Optimal stabilization theory

  • Author

    Stephen J. Turnovsky

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