Macroeconomic Policy
Inflation, Wealth and the Exchange Rate
Published on 7. September 1989
Book
Hardback
260 pages
978-0-04-445428-1 (ISBN)
Description
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.
More details
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Professional and scholarly
Illustrations
illustrations, tables, figures, bibliography, index
Dimensions
Height: 234 mm
Width: 156 mm
Weight
780 gr
ISBN-13
978-0-04-445428-1 (9780044454281)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Content
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.