Stabilization Policies in Greece in the Context of Modern Macroeconomic Theory.

Name: Stabilization Policies in Greece in the Context of Modern Macroeconomic Theory.
Brand: fibre
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Volbert Alexander George D. Demopoulos(Autor*in)

fibre (Verlag)

1. Auflage

Erschienen am 21. Oktober 2019

301 Seiten

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978-3-428-46607-8 (ISBN)

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Intro
Preface
Contents
Chapter One: Introduction
Chapter Two: Institutional Arrangements and the Process of Economic Polica-Making in Greece 1953-1983
I. Introduction
II. The Financial Sector
1. The Main Institutional Arrangements
a. The Greek Financial Institutions
b. The Currency Committee
c. The Bank of Greece
d. The Capital Market Committee
e. Private and State-owned Financial Institutions
2. The Period 1953-1963
a. Policy Objectives
b. Instruments Employed
3. The Period 1963-1973
a. Policy Objectives
b. Instruments Employed
4. The Period 1973-1983
a. Policy Objectives
b. Instruments Employed
III. The Public Sector
1. The Main Institutional Arrangements
2. The Period 1953-1963
a. Policy Objectives
b. Instruments Employed
3. The Period 1963-1973
a. Policy Objectives
b. Instruments Employed
4. The Period 1973-1983
a. Policy Objectives
b. Instruments Employed
IV. Balance of Payments Arrangements
1. The Main Institutional Arrangements
2. The Period 1953-1963
a. Policy Objectives
b. Instruments Employed
3. The Period 1963-1973
a. Policy Objectives
b. Instruments Employed
4. The Period 1973-1983
a. Policy Objectives
b. Instruments Employed
V. The Real Sector
Chapter Three: A Survey of Recent Macroeconomic Studies of the Greek Economy
I. Introduction
II. Models of the Real Sector of the Economy
1. The Model of Garganas
2. The Model of Sallas
3. The Model of Vernardakis
4. The Model of Tsoris
III. Integrated Models of the Real and Monetary Sectors
1. The Model of Kouzionis
2. The Model of Voloudakis, Brissimis, and Leventakis
IV. Studies Dealing with Special Macroeconomic Problems
1. Analysis of the Special Studies
2. Evaluation of the Special Studies
V. An Overall Evaluation of the Models Reviewed
Chapter Four: A Theoretical Stagflation-Model for Greece
I. Basic Characteristics
II. The System of Equations
1. The Demand Side Specification
2. The Analysis of the Supply Side
a. The Production Function
b. Labor Demand and Supply
c. The Energy Market
d. The Equilibrium Condition of the Output Market
3. Endogenous, Exogenous Variables and Expectations Hypotheses
4. Long-Run Implications and Compatibility with Standard Rational Expectations Models
II?. Solution of the Model with Adaptive Expectations
1. The Output Equation
2. The Employment Equation
3. The Inflation Rate Equation
IV. Solution of the Model with Rational Expectations
1. The Output Equation
2. The Employment Equation
3. The Inflation Rate Equation
V. Concluding Remarks
Chapter Five: The Emperical Analysis
I. Introductory Remarks
1. Restrictions
2. The Data Problem
3. Statistical Procedures
4. The Testing Strategy
II. Computation of Expected Values
1. Exponential Smoothing Procedures
2. Expected Values under Rational Expectations
?II. Empirical Results of the Adaptive Expectations Model
1. Output Results
2. Employment Results
3. Inflation Rate Results
IV. Empirical Results of the Rational Expectations Model
1. Output Results
2. Employment Results
3. Inflation Rate Results
Chapter Six: Concluding Remarks and Policy Implications
I. Discussion of Important Empirical Results
II. Policy Implications
Appendix I: Construction of Special Variables
Appendix II: Data Series
1. Series of Actual Data (Growth Rates)
2. Series of Expected Variables (Adaptive Expectations)
3. Series of Expected Variables (Rational Expectations)
4. Data Sources
Bibliography

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