Quantitative Economic Policy
Essays in Honour of Andrew Hughes Hallett
Published on 22. November 2010
Book
Paperback/Softback
XVIII, 376 pages
978-3-642-09413-2 (ISBN)
Description
Quantitative economic policy and econometrics were developed along with macroeconomics in the 1930s. Econometric techniques and models are still being used extensively in the business of forecasting and policy advice. In particular, policy simulations with econometric models have become standard tools for evaluating and designing macroeconomic stabilization policies. For instance, such studies provided important arguments for the popularization of the recent steps towards European integration such as the European Single Market, the European Monetary Union, and the Enlargement of the European Union. In this book, some recent advances in the theory and applications of quantitative economic policy are presented, with particular emphasis on fiscal and monetary policies in a European and global context. Andrew Hughes Hallett, a pioneer and major scientist in quantitative economic policy analysis, is being honoured by this volume, whose contributors are among his friends and former students.
More details
Series
Edition
Softcover reprint of hardcover 1st ed. 2008
Language
English
Place of publication
Berlin
Germany
Publishing group
Springer Berlin
Target group
Professional and scholarly
Research
Illustrations
XVIII, 376 p.
Dimensions
Height: 235 mm
Width: 155 mm
Thickness: 22 mm
Weight
598 gr
ISBN-13
978-3-642-09413-2 (9783642094132)
DOI
10.1007/978-3-540-74684-3
Schweitzer Classification
Other editions
Additional editions
Reinhard Neck | Christian Richter | Peter Mooslechner
Quantitative Economic Policy
Essays in Honour of Andrew Hughes Hallett
Book
10/2007
Springer
€160.49
Shipment within 7-9 days
Content
Optimal policy design in interdependent economies.- Quantitative Economic Policy - Theory and Applications: Introduction and Overview.- Theory of Quantitative Economic Policy.- Towards a New Theory of Economic Policy: Continuity and Innovation.- If the Representative Agent is Used, Should He Be Believed? Aggregation, Welfare and the Role of Microfoundations in Quantitative Economic Policy.- Time Consistency, Subgame Perfectness, Solution Concepts and Information Patterns in Dynamic Models of Stabilization Policies.- Models of Endogenous Coalition Formation Between Fiscal and Monetary Authorities in the Presence of a Monetary Union.- Fiscal Policy.- Fiscal Federalism, Risk Sharing and the Persistence of Shocks.- Debating Fiscal Federalism in EMU: Plus ça change....- A Common Election Day for Euro-Zone Member States?.- Automatic Stabilisers and Budget Rules.- Monetary Policy.- Domestic and International Determinants of the Bank of England's Liquidity Ratios during the Classical Gold Standard, 1876-1913: An Econometric Analysis.- On the Transmission Mechanism of Monetary Policy.- From the EMS to EMU: Has There Been Any Change in the Behaviour of Exchange Rate Correlation?.- Optimum Monetary Policy during Monetary Union Enlargement.- When the Dollar Falls.- Monetary Policy in a Small Open Economy with High Unemployment.- Uncertainties Surrounding Natural Rate Estimates in the G7.