This book is an attempt to present a package of ideas for application to macroeconomic decision-making in open economies. These ideas are tried out on an economic model of one particular economy, the United Kingdom, with simulated reruns of history for the UK economy over the years 1975-1990. As well as presenting new proposals suggestions are compared extensively with ideas for reform put forward by others. Technical aspects of the work are described.
Sprache
Verlagsort
Verlagsgruppe
Zielgruppe
Für höhere Schule und Studium
Für Beruf und Forschung
Illustrationen
illustrations, tables, figures, bibliography, index
Maße
Höhe: 234 mm
Breite: 156 mm
Gewicht
ISBN-13
978-0-04-445428-1 (9780044454281)
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Schweitzer Klassifikation
Part 1 Theory: a new Keynesian framework for macroeconomic policy; the linkages between financial weapons and financial targets - a comparative static analysis; the dynamics of price stabilization. Part 2 Application: a stock-flow model with model-consistent or regressive expectations; macroeconomic policy rules for economic stabilization; counterfactual simulation with forward-looking expectations; a simulation of the cost-push economy; the controlled economy with reformed wages. Part 3 Method: the derivation and use of linear model; the design of economic policy rules. Part 4 Conclusion: summary of results and conclusions.
