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Всего публикаций в данном разделе: 15825

Опубликовано на портале: 14-01-2003
Shaun P. Hargreaves Heap
Aldershot: Edward Elgar, 1992
Designed as a text for advanced undergraduate macroeconomic theory courses, this innovative textbook draws together the central ideas in what is referred to as the New Keynesian Macroeconomics and sets them in dialogue with the New Classical Macroeconomics.
The New Keynesian Macroeconomics includes discussion of the recent literature on multiple rational expectations equilibria, an assessment of the connection between equilibrium choice and institutional context, and game theoretic discussion of social interdependence particularly with respect to wage and price formation analysis of debates over both demand and supply side activism.
As the first textbook to develop the New Keynesian Macroeconomics, the book will be widely used on second and third year undergraduate courses on macroeconomics. It will also serve as a text for advanced undergraduate courses which integrate micro and macro by general equilibrium theory.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Money and Inflation [книги]
Опубликовано на портале: 14-01-2003
Sergio Rossi
Northampton: Edward Elgar, 2001
It is a popular notion that money and output are separate and autonomous entities. Money and Inflation argues that this idea can neither explain the purchasing power of money nor its variations over time, and a new theory is therefore presented in its place.
The book aims to provide the foundations for a new analysis of inflation from a macroeconomic perspective. The role of money is investigated in terms of value, prices, profit, and capital accumulation.
The author argues that in order to gain a thorough comprehension of inflation it is necessary to focus on the formation of national income, not on its distribution. Sergio Rossis new approach proposes a structural reform of modern banking systems, and outlines an original macro-theoretical investigation of measurement problems in price index theory.
Despite its elective affinity with the works of Ricardo, Walras and Keynes, the new analysis overturns traditional concepts of money. The discussion elicits a deeper understanding of the conditions underlying todays inflationary pressures and prescribes new solutions to permanently eradicate them.
This unique and path-breaking study will be of enormous interest to academics, researchers, and students involved in monetary economics, as well as monetary policy makers, and central bank and international banking officials.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 14-01-2003
Patrick Minford, David Peel
Northampton: Edward Elgar, 2002
Since the rational expectations revolution in macroeconomics, the subject has changed massively, adopting the principles behind the revolution and building on them in a spectacular way. In this accessible and informative book, the authors guide the student through what has become the conceptual and mathematical maze of modern macroeconomics. It is intended primarily for the postgraduate student but will also be useful for upper level undergraduates. It explains the basics of each topic and provides a solid grounding for the student to tackle more complex and detailed material in the area.
The topics covered include:
an introduction to the traditional macro-classical macro/adaptive expectations
how to understand and solve standard macro models with rational expectations
implications of rational expectations for monetary and fiscal policy
the open economy
the new models of representative agents and real business cycles
the political economy of economic policy (the political business cycle) and independent central banks
the supply-side, unemployment and growth
empirical testing of the rational expectations hypothesis
the efficient markets hypothesis with empirical applications including bond and exchange markets
learning, time series-linear and nonlinear.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию

Опубликовано на портале: 14-01-2003
Ред.: Sami Daniel, Philip Arestis, John Grahl
Northampton: Edward Elgar, 1999
This is the first of three volumes, written by an internationally renowned group of experts, to celebrate the contribution of Bernard Corry and Maurice Peston to teaching and research. In this first volume, the distinguished contributors provide original material on the formulation of macroeconomic policy in advanced countries ranging from a study of central bank independence, the consequences of European monetary union and macroeconomic policy in transition economies.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Опубликовано на портале: 14-01-2003
Ricard T. Froyen
Upper Saddler River, NJ: Prentice-Hall, 2002
This text traces the history of macroeconomics, the evolution of macroeconomic thought, and the resulting theory and policy. The book places the various macroeconomic theories in the order in which they developed chronologically, and illustrates the similarities and differences of the models. The author admires all points of view and the result is a comprehensive, detailed, unbiased view of modern macroeconomic theory. Would you like a text that effectively compares and contrasts all the competing macroeconomic theories without espousing one particular point of view? For courses in Intermediate Macroeconomics.
ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)

Economic Analysis Macro [учебная программа]
Опубликовано на портале: 14-01-2003
Martha Olney
Fall 2001
Курс "Экономический анализ. Макроэкономика" читается на втором курсе Университета Калифорнии в Беркли. Основными учебниками курса являются:
Dornbusch, Rudiger; Fischer, Stanley; and Startz, Richard. Macroeconomics. 8th edition. McGraw-Hill, Inc., 2001. и
DeLong, J. Bradford. Macroeconomics. 1st edition. McGraw-Hill, Inc., 2002

Требования курса: "Введение в Микроэкономику" и "Введение в Макроэкономику", курс высшей математики на уровне 1 курса университета.
Основные темы курса: IS-LM, AD-AS, открытая макроэкономика, макроэкономическая политика.

ресурс содержит полный текст, либо отрывок из него ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит прикрепленный файл

Обновлено: 09-12-2010

http://people.cornell.edu/pages/rge2/index.htm

Содержит CV Р. Эренберга с полным списком публикаций (в формате pdf, имеются ссылки); программы учебных курсов, читаемых ученым: Экономический анализ университета (Economic Analysis of the University), Экономика оплаты труда и безработицы (Economics of Wages

Обновлено: 09-12-2010

http://www.bsos.umd.edu/econ/jsmith/

Содержит CV Дж. Смита, список всех его публикаций, программу читаемого им курса "Эконометрическое оценивание программ, касающихся рынка труда" (с указанием литературы и ссылок). В разделе Recent Papers в открытом доступе находятся некоторые из последних работ Дж. Смита (в формате pdf). Главная тема исследований Смита - влияние различных социальных программ на рынок труда.

Обновлено: 09-12-2010

http://www.irs.princeton.edu/krueger/

Персональная страница А. Крюгера размещена на общем сайте Принстонского Университета (Princeton University), содержит краткую биографию, его CV (с указанием ссылок на некоторые из его публикаций). Раздел его работ (working papers) , личных и соавторских включает около 100 работ (большинство в открытом доступе). Исследовательские интересы А.

Обновлено: 09-12-2010

Персональная страница автора Некоторые работы автора, доступные on-line Персональная страница Б. Чисвика содержит полную библиографию его трудов, доступ онлайн не предусмотрен. (Некоторые исследования можно найти в базе J-Store и Pro-Quest.) Есть возможность ознакомиться с краткими аннотациями проводимых в данное время под руководством ученого исследований, а также с программами его учебных курсов.

Опубликовано на портале: 11-01-2003
Stephen G. Marks Encyclopedia of Law and Economics. 1999. 
The separation of ownership and control refers to the phenomenon associated with publicly held business corporations in which the shareholders (the residual claimants) possess little or no direct control over management decisions. This separation is generally attributed to collective action problems associated with dispersed share ownership. The separation of ownership and control permits hierarchical decision making which, for some types of decisions, is superior to the market. The separation of ownership and control creates costs due to adverse selection and moral hazard. These costs are potentially mitigated by a number of mechanisms including business failure, the market for corporate control, the enforcement of fiduciary duties, corporate governance oversight, managerial financial incentives and institutional shareholder activism.
ресурс содержит полный текст, либо отрывок из него ресурс содержит прикрепленный файл

Опубликовано на портале: 11-01-2003
Jeffrey A. Frankel, Sergio L. Schmukler, Luis Serven
2003
Using a large sample of developing and industrialized economies during 1970-1999, this paper explores whether the choice of exchange rate regime affects the sensitivity of local interest rates to international interest rates. In most cases, we cannot reject full transmission of international interest rates in the long run, even for countries with floating regimes. Only large industrial countries can benefit, or choose to benefit, from independent monetary policy. However, short-run effects differ across regimes. Dynamic estimates show that interest rates of countries with more flexible regimes adjust more slowly to changes in international rates.

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: 11-01-2003
Michael M. Hutchison
2003
This paper investigates the output effects of IMF-supported stabilization programs, especially those introduced at the time of a severe balance of payments/currency crisis. Using a panel data set over the 1975-97 period and covering 67 developing and emerging-market economies (with 461 IMF stabilization programs and 160 currency crises), authors find that currency crises even after controlling for macroeconomic developments, political and regional factors significantly reduce output growth for 1-2 years. Output growth is also lower (0.7 percentage points annually) during IMF-stabilization programs, but it appears that growth generally slows prior to implementation of the program. Moreover, programs coinciding with recent balance of payments or currency crises do not appear to further damage short-run growth prospects. Countries participating in IMF programs significantly reduce domestic credit growth, but no effect is found on budget policy. Applying this model to the collapse of output in East Asia following the 1997 crisis, we find that the unexpected (forecast error) collapse of output in Malaysia where an IMF-program was not followed-- was similar in magnitude to those countries adopting IMF programs (Indonesia, Korea, Philippines and Thailand).

Опубликовано на портале: 11-01-2003
Carmen M. Reinhart, Vincent R. Reinhart
2003
With many emerging market currencies tied to the U.S. dollar either implicitly or explicitly, movements in the exchange values of the currencies of major countries have the potential to influence the competitive position of many developing countries. According to some analysts, establishing target bands to reduce the variability of the G-3 currencies would limit those destabilizing shocks emanating from abroad. This paper examines the argument for such a target zone strictly from an emerging market perspective. Given that sterilized intervention by industrial economies tends to be ineffective and that policy makers show no appetite to return to the controls on international capital flows that helped keep exchange rates stable over the Bretton Woods era, a commitment to damping G-3 exchange rate fluctuations requires a willingness on the part of G-3 authorities to use domestic monetary policy to that end. Under a system of target zones, then, relative prices for emerging market economies may become more stable, but debt-servicing costs may become less predictable. We use a simple trade model to show that the resulting consequences for welfare are ambiguous. Our empirical work supplements the traditional literature on North-South links by examining the importance of the volatilities of G-3 exchange-rates, and U.S. interest rate and consumption on capital flows and economic growth in developing countries over the past thirty years.

Опубликовано на портале: 11-01-2003
Andres Velasco
2003
This paper develops a political-economic model of fiscal policy one in which" government resources are a common property' out of which interest groups can finance" expenditures on their preferred items. This setup has striking macroeconomic implications. First, fiscal deficits and debt accumulation occur even when there are no reasons for intertemporal smoothing. Second deficits can be eliminated through a fiscal reform, but such a reform may only take place after a delay during which government debt is built up.

Government Debt [книги]
Опубликовано на портале: 11-01-2003
Douglas W. Elmendorf, Gregory N. Mankiw
2003
This paper surveys the literature on the macroeconomic effects of government debt. It begins by discussing the data on debt and deficits, including the historical time series, measurement issues, and projections of future fiscal policy. The paper then presents the conventional theory of government debt, which emphasizes aggregate demand in the short run and crowding out in the long run. It next examines the theoretical and empirical debate over the theory of debt neutrality called Ricardian equivalence. Finally, the paper considers the various normative perspectives about how the government should use its ability to borrow.

Опубликовано на портале: 11-01-2003
Aaron Tornell, Philip Lane Journal of International Economics. 1998.  Vol. 44. P. 83-112. 
In several countries temporary terms of trade improvements have led to a deterioration of the current account. Furthermore, many of these countries failed to attain greater post-boom growth rates. The point we make is that the structure of the fiscal process is critical in determining outcomes. If fiscal control is unitary, then the consumption-smoothing effect is operative, and representative-agent models of the current account have predictive power. However, if control is divided among several fiscal claimants, a voracity effect appears which counteracts the consumption-smoothing effect, leading to a deterioration of the current account in response to a positive shock. We model the interaction among fiscal claimants as a dynamic game, and show that in equilibrium aggregate appropriation increases more than the windfall itself. This results in a deterioration of the current account. We also show that all the windfall is dissipated, with the country experiencing no increase in its growth rate. Lastly, we analyze the experiences of seven countries which have enjoyed large windfalls.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию

Опубликовано на портале: 11-01-2003
Pierre-Daniel G. Sarte Federal Reserve Bank of Richmond Economic. 1998.  Vol. Volume 84/4 . P. 53-72. 
It is well known that when inflation is stochastic, Fisher's theoretical equation, according to which the nominal interest rate is the sum of the real rate and the expected inflation rate, fails to hold. Under stochastic inflation, the Fisher equation must be amended to include a compensation for inflation risk: the inflation risk premium. Consequently, this article uses a simple consumption-based asset pricing model to investigate the significance of the inflation risk premium. Given the relationship between U.S. consumption growth and inflation, we find that historical estimates of the inflation risk premium are inconsequential. This result emerges because inflation surprises and unexpected movements in consumption growth exhibit little covariation in U.S. data. Moreover, using two different preference specifications, we also show that this result is quite unrelated to the notion that the equity risk premium is generally small in consumption-based asset pricing models.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию

Опубликовано на портале: 11-01-2003
Joro R. Faria Journal of Applied Economics. 2001.  Vol. IV. P. 89-105 . 
This paper investigates the relationship between inflation and output in the context of an economy facing persistent high inflation. By analyzing the case of Brazil, we find that inflation does not impact real output in the long run, but that in the short run there exists a negative effect from inflation on output. These results support Sidrauskis (1967) superneutrality of money in the long run, but cast doubt on the short run implications of the model for separable utility functions in consumption and real money balances, as exposed by Fischer (1979). The results are more likely to support a class of utility functions in which real money balances and consumption are perfect complements.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию