
Demand Management (Routledge Revivals)
Stagflation - Volume 2
Routledge (Publisher)
1st Edition
Published on 15. April 2011
Book
Hardback
320 pages
978-0-415-66831-6 (ISBN)
Description
First published in 1983, this is the second of two volumes on the causes and cure of stagflation - that combination of mass unemployment and rapid inflation that is currently afflicting the mixed economies of the industrially developed world. The authors deplore the unemployment due to the failure of governments to adopt Keynesian measures for the expansion of economic activity, but recognise that in present conditions such measures would lead to an unacceptable and explosive inflation of money wages and prices. They therefore advocate a dual strategy of financial policies for a steady expansion of total money incomes combined with individual wage rates set at levels to promote employment.
The book is of importance for all those concerned with macroeconomic theory and policy. The description of the meaning of a New Keynesian policy and of the arguments for it have been written in a way which should be intelligible to policy-makers and students, and not only to economists with technical training. Professional macroeconomists will be interested not only in these sections but also in the fully specified macroeconomic model used to analyse New Keynesian policies in economic terms and to carry out a counterfactual re-running of history. In addition, the unusually detailed exposition of the application of control techniques to a difficult multivariable control problem also makes the book of interest to control engineers who wish to acquaint themselves with recent generalisations of classical frequency response methods.
The book is of importance for all those concerned with macroeconomic theory and policy. The description of the meaning of a New Keynesian policy and of the arguments for it have been written in a way which should be intelligible to policy-makers and students, and not only to economists with technical training. Professional macroeconomists will be interested not only in these sections but also in the fully specified macroeconomic model used to analyse New Keynesian policies in economic terms and to carry out a counterfactual re-running of history. In addition, the unusually detailed exposition of the application of control techniques to a difficult multivariable control problem also makes the book of interest to control engineers who wish to acquaint themselves with recent generalisations of classical frequency response methods.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Dimensions
Height: 216 mm
Width: 138 mm
Weight
750 gr
ISBN-13
978-0-415-66831-6 (9780415668316)
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Schweitzer Classification
Other editions
Additional editions

David A. Vines | J. M. Maciejowski | J. E. Meade
Demand Management (Routledge Revivals)
Stagflation - Volume 2
E-Book
06/2013
Routledge
€55.49
Available for download

David A. Vines | J. M. Maciejowski | J. E. Meade
Demand Management (Routledge Revivals)
Stagflation - Volume 2
E-Book
06/2013
Routledge
€55.49
Available for download

David A. Vines | J. M. Maciejowski | J. E. Meade
Demand Management (Routledge Revivals)
Stagflation - Volume 2
Book
11/2012
1st Edition
Routledge
€63.30
Shipment within 15-20 days
Persons
David Vines, Jan Maciejowski, James E., Meade
Content
Part 1: The Policy in Theory and Practice 1. The Case for New Keynesian Demand Management 2. Three Financial Targets: Money Income, Balance of Payments and Investment Ratio 3. Three Financial Weapons: Fiscal, Monetary and Foreign-Exchange Measures 4. The Marriage of Weapons and Targets 5. Discretionary Interventions Part 2: Rerunning History 6. The Formulation and Historical Application of the Control Rules 7. Results of the Rerun Part Three Some Administrative Problems of Fiscal Control 8. The Use of Indirect Taxes as a Regulator 9. The Use of Income Tax as a Regulator 10. The Use of a Wage Tax as a Regulator Part 4: The Derivation of Control Rules for Economic Policy 11. Feedback Systems and Economic Policies 12. Frequency-Response Methods for Policy Design 13. The Design and Performance of New Keynesian Policies