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Макроэкономика - раздел современной экономической теории, в рамках которого изучаются такие феномены как экономический рост, колебания деловой активности, инфляция и безработица, а также вопросы макроэкономической политики. (подробнее...)
Всего публикаций в данном разделе: 51

Авторы:
А БВ Г Д ЕЖЗИЙК ЛМ НОПРСТ УФ ХЦЧШЩЭЮЯ
A B C D E F G H I J K L M NO P QR S T U V WXYZ
 
Названия:
АБВГД ЕЖЗИ ЙКЛМ НО ПР С ТУФ ХЦЧШЩЭЮЯ
A BCD E F G HI JKL M N O P QR ST U VWXYZ
 

Odious Debt [книги]
Опубликовано на портале: 11-01-2003
Michael Kremer, Seema Jayachandran
2003
Some argue that sovereign debt incurred without the consent of the people and not for their benefit, such as that of apartheid South Africa, should be considered odious and not transferable to successor governments. We argue that an institution that truthfully announced whether regimes are odious could create an equilibrium in which successor governments suffer no reputational loss from failure to repay odious debt and hence creditors curtail odious lending. Equilibria with odious lending could be eliminated by amending creditor country laws to prevent seizure of assets for failure to repay odious debt and restricting foreign assistance to countries not repaying odious debt. Shutting down the borrowing capacity of illegitimate regimes can be viewed as a form of economic sanction and has two advantages over most sanctions: it helps rather than hurts the population, and it does not create incentives for evasion by third parties. However, an institution empowered to assess regimes might falsely term debt odious if it favored debtors, and if creditors anticipate this, they would not make loans to legitimate governments. An institution empowered only to declare future lending to a particular government odious would have greater incentives to judge truthfully. A similar approach could be used to reduce moral hazard associated with World Bank and IMF loans.

Опубликовано на портале: 05-11-2004
Paul R. Krugman, Maurice Obstfeld
Boston: Addison Wesley Higher Education, 2003
International Economics: Theory and Policy is the best-selling textbook in the field written by two of the world's leading economists, Paul R. Krugman of Princeton University and Maurice Obstfeld of the University of California, Berkeley. The Sixth Edition provides an up-to-date and understandable analytical framework for illuminating current events and new research findings in the dynamic field of international economics. This new edition has been thoroughly revised to reflect the changes of today's global economic landscape, including the unprecedented expansion of globalization, the increasingly crucial nature of international economic relations, the gains from trade, and recent anti-globalization controversies such as the continuing debate over the optimal level of trade. Consistent with previous editions, the authors also present an integrated treatment of the Ricardian model, specific factors, factor endowments, and imperfect competition models of trade, along with in-depth analysis of empirical evidence. They cover the effects and causes of trade policy and the income-distribution effects of trade, and also provide a unified model of open-economy macroeconomics, based on an asset-market approach to exchange rate determination with a central role for expectations.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 14-01-2003
David Laidler
Cheltenham: Edward Elgar, 1997
Money and Macroeconomics is a significant collection of David Laidlers most important papers on the so-called monetarist counter-revolution. This volume contains both published and unpublished examples of his influential contribution, detailing empirical work on the demand for money, the economics of inflation, the foundations of the buffer stock approach to monetary theory, the monetarist critique of new classical economics and issues of economic policy.
David Laidler has also prepared a personal memoir to accompany his volume which gives a revealing account of his academic career and influences, and places each essay in its original intellectual context.
Money and Macroeconomics presents in one volume David Laidlers most important contributions to monetary economics. It will be invaluable to monetary and financial economists as well as policy makers and historians of economic thought.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию

Опубликовано на портале: 29-01-2003
Axel Leijonhufvud
Hampshire: Palgrave Macmillan, 2001
Monetary Theory and Policy Experience offers a broad context for the question of why governments prefer to limit themselves to a specific inflation target. Academic specialists and senior officials of the European Central Bank, the OECK and national central banks look beyond inflation targeting as the goal of monetary policy. Nobel Laureate Robert Mundell, surveys the history and prospects of the sovereignty of the state over money, while Michael Bordo and Lars Jonung use data of fourteen industrialized countries over the past century to show relationships between fiscal and monetary regimes.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 29-01-2003
Axel Leijonhufvud
Hampshire: Palgrave Macmillan, 2001
Since the inflationary 1970s, theoretical work on monetary policy has concentrated almost exclusively on price-level stabilization and the avoidance of nominal shocks. In the aftermath of the collapse of financial bubbles in various parts of the world, the accomplishments and limitations of this dominant approach are debated in this volume edited by Axel Leijonhufvud, with contributions by a number of noted monetary economists, including Nobel Laureate Robert Lucas.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 14-01-2003
Richard G. Lipsey
Cheltenham: Edward Elgar, 1997
Macroeconomic Theory and Policy is the second collection of Richard G. Lipseys essays and contains material that has previously remained unpublished or has not been widely available. The book considers the macroeconomic issues of unemployment, inflation and policies to combat inflation, the Keynesian macroeconomy and supply side economics.
The book begins with a new autobiographical introduction to the intellectual development, personal achievements and the fields of interest of Richard G. Lipsey and is then divided into five parts. Part one considers the Phillips Curve, wage rates and profits. The second part discusses the various theories of the causes of inflation and explores issues such as the depreciation of money, monetarism and cost-push versus demand-pull inflation. Part three looks at anti-inflation policies, focusing on incomes policies, credit and monetary policy and wage-price controls among other issues. Keynesian macroeconomics is evaluated in the fourth section, as well as inflation and the national income model. The final part considers supply-side economics.
Macroeconomic Theory and Policy is an essential reference companion to the work of Richard G. Lipsey, one of the most important economists of our generation.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Monetary Policy [книги]
Опубликовано на портале: 30-01-2003
Gregory N. Mankiw
Chicago: University of Chicago Press, 1994
In Monetary Policy, leading monetary economists discuss applied aspects of monetary policy and offer practical new research on the timing, magnitude, and channels of central banking actions. Some of the papers in this volume evaluate a variety of policy rules based on monetary aggregates, nominal income, commodity prices, and other economic variables. Others analyze price behavior and inflation, particularly the short-run behavior of prices. Still others examine the monetary transmission mechanism--the channel through which the central bank's actions affect spending on goods and services--with a special focus on the reduction in bank lending that must accompany a reduction in reserves. This new research will be of special interest to central bankers and academic economists.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 12-08-2004
Authors analyze the impact of financial globalization on asset prices, investment and the possibility of crashes driven by self-fulfilling expectations in emerging markets. In a two-country model with one emerging market (intermediate income level) and one industrialized country (high income level), they show that liberalization of capital flows increases asset prices, investment and income in the emerging market. However, for intermediate levels of international financial transaction costs, authors find that pessimistic expectations can be self-fulfilling, leading to a financial crash. The crash is accompanied by capital flight, a drop in income and investment below the financial autarky level and more market incompleteness. Authors show that emerging markets are more prone to financial crashes simply because they have a lower income level and not because of the existence of market failures (moral hazard or credit constraints), bad monetary policies or exchange rate regimes.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию

Опубликовано на портале: 28-09-2003
Bennett T. Mccallum
2003
The recently-developed fiscal theory of price level determination contends that there is an important class of policy rules in which there exists a unique rational expectations solution that shows the price level to be dependent upon fiscal policy and independent of monetary variables. The present paper argues, however, that there is an alternative solution to these models that has entirely traditional (or monetarist') properties. This latter solution is perhaps the more plausible since it is the solution that is typically regarded as the bubble-free fundamentals' solution. The argument involves a respecification of feasible instrument variables.

Опубликовано на портале: 29-01-2003
Terry McKinley
Hampshire: Palgrave Macmillan, 2001
In the late twentieth century, structural adjustment policies became the West's received wisdom as a solution to the economic problems of the South. Based on detailed empirical research, the contributors to this volume take a more heterodox and even critical approach. Indeed, many of the issues raised here are now being assimilated into a new 'Post-Washington Consensus'. The range of geographical coverage matched with the coherence of the approaches taken by the contributors allows striking comparisons to be made.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 02-09-2003
Paul J. Zak
Ред.: Robert A. Mundell
Northampton: Edward Elgar, 2002
Under the direction of Nobel laureate Robert A. Mundell and Paul J. Zak, eminent contributors to Monetary Stability and Economic Growth offer a unique insight into the way that economists analyse the causes of money (mis) management in the US, Latin America, Europe and Japan, and prescribe stabilising reforms. Their lively discussion provides answers to various questions including:
How does monetary stability affect economic growth?
How can nations best achieve monetary stability?
When is monetary union desirable?
Which anchors for monetary stability are likely to be most effective?
How will the euro affect financial markets and the international monetary system?
Is international monetary reform possible, and how can it be achieved?
The mechanisms that link monetary policy including foreign exchange regimes and the international monetary system to economic performance are examined, and the ways in which countries can stimulate economic growth are explored.
This superb narrative volume, brought alive by the debate between leading economists, is contextualised by the editors excellent introduction. It will be of immense interest to students, researchers and teachers of macroeconomics and financial economics as well as professional economists.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию

Опубликовано на портале: 25-01-2003
Tapio Palokangas
New York: Cambridge University Press, 2000
Collective bargaining is still the main vehicle for labour worldwide to negotiate wages, benefits, retirement policies, training and other terms of working with management in both the public and private sectors. Labour economists have long been active in modelling the relations between collective bargaining agreements, labour markets, and social welfare conditions. This book presents a new theoretical model of unions which offers a unified treatment of the centralization of bargaining, the credibility of labour contracts, the unionization of labour markets and the relative bargaining power of the union. Part I of the book develops the microfoundations of bargaining and examines collective bargaining interacting with public policy, investment and growth, and international trade and specialization. In conclusion Professor Palokangas challenges the commonly held view that collective bargaining has a negative impact on economics welfare, and argues that with the existence of market failure, collective bargaining can be welfare enhancing.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию) ресурс содержит прикрепленный файл

Опубликовано на портале: 02-09-2003
Torsten Persson, Guido Tabellini
2003
This paper surveys the recent literature on the theory of macroeconomic policy. We study the effect of various incentive constraints on the policy making process, such as lack of credibility, political opportunism, political ideology, and divided government. The survey is organized in three parts. Part I deals with monetary policy in a simply Phillips curve model: it covers credibility issues, political business cycles, and optimal design of monetary institutions. Part II deals with fiscal policy in a dynamic general equilibrium set up: the main topics here are credibility of tax policy, and political determinants of budget deficits. Part III studies economic growth in models with endogenous fiscal policy.

Опубликовано на портале: 05-11-2003
Torsten Persson, Guido Tabellini
Изд-во: MIT Press, 2000, cерия "Zeuthen Lectures", 551 с.
What determines the size and form of redistributive programs, the extent and type of public goods provision, the burden of taxation across alternative tax bases, the size of government deficits, and the stance of monetary policy during the course of business and electoral cycles? A large and rapidly growing literature in political economics attempts to answer these questions. But so far there is little consensus on the answers and disagreement on the appropriate mode of analysis.

Combining the best of three separate traditions--the theory of macroeconomic policy, public choice, and rational choice in political science--Torsten Persson and Guido Tabellini suggest a unified approach to the field. As in modern macroeconomics, individual citizens behave rationally, their preferences over economic outcomes inducing preferences over policy. As in public choice, the delegation of policy decisions to elected representatives may give rise to agency problems between voters and politicians. And, as in rational choice, political institutions shape the procedures for setting policy and electing politicians. The authors outline a common method of analysis, establish several new results, and identify the main outstanding problems.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 01-09-2003
James Michael Poterba
2003
The design of budget rules and institutions, long a neglected area in public finance and macroeconomics, has recently been thrust to center stage by the debate over a balanced budget amendment and other deficit-reduction measures in the United States. This paper describes the existing evidence on how budget rules affect fiscal policy outcomes. It contrasts the `institutional irrelevance view,' which holds that budget rules can be circumvented by modifying accounting practices and changing the nominal timing or other classification of taxes and expenditures, with the `public choice view' in which fiscal institutions represent important constraints on the behavior of political actors. Several distinct strands of empirical evidence, from the U.S. federal experience with anti-deficit rules, from U.S. state experience with balanced budget rules, and from international comparisons of budget outcomes in nations with different fiscal institutions, suggest that fiscal institutions do matter. These results reject the institutional irrelevance view. The existing evidence is not refined enough, however, to provide detailed advice on how narrowly-defined changes in budget rules might affect policy outcomes.