MACROECONOMICS FROM THE BOTTOM-UP

The ideas and results in this book represent the culmination of a research project aimed at exploring macroeconomic issues moving from premises alternative to those employed by the current mainstream. The nickname informally assigned to the project – CATS – was originally chosen to honour two members of the research group (DDG and MG), as that was the way the lamented Hyman Minsky once baptised them because of an allegedly common zoological root in their family names. After joking on it for some time we realized that CATS could also perfectly summarize the deep-rooted methodology inspiring our approach, according to which any economy – and, a fortiori, a large industrialized macro-economy – should be modelled as a Complex AdapTive System to be analyzed by means of agent-based computational experiments.


CONTENTS

1. Introducing Bottom-up Adaptive Macroeconomics
2. The Making of the BAM Model
3. The BAM Model at Work
4. Empirical Validation
5. Conclusions

References
Index

Páginas : 135
Peso : 2mb.
Formato : PDF.
Edición : Primera
Año de Publicación :2011
ISBN : 978-88-470-1970-6
Editorial : Springer
Autor: Domenico Delli Gatti



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MACROECONOMICS

We both believe that a successful second edition is an exercise in listening. Writing a successful first edition is largely a matter of capitalizing on one’s strengths, but writing a successful second edition means listening to those who used the first edition and using that to address one’s oversights and misjudgments. In many ways, writing a second edition can be as challenging as writing a first edition. We’ve been fortunate to have a devoted group of adopters and reviewers to help guide us in this revision. Although the first edition of Macroeconomics received an overwhelmingly positive reception, it also generated many helpful suggestions for improvement. We planned from the beginning to make significant revisions to incorpórate those suggestions. Even if little had changed in the real economy, the second edition of Macroeconomics would have been recognizably different from the first edition.

CONTENTS

1. Basic Economic Concepts
2. Supply and Demand
3. Measurement of Economic Performance
4. National Income and Price Determination
5. Financial Sector
6. Inflation, Unemployment, and Stabilization Policies
7. Economic Growth and Productivity
8. The Open Economy: International Trade and Finance

Páginas : 572
Peso : 93mb.
Formato : PDF.
Edición : Second
Año de Publicación :2012
ISBN : 978-1-4292-8729-6
Editorial : Mary Walsh
Autor: Paul Krugman



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PRINCIPLES OF MACROECONOMICS

In writing this book, I benefited from the input of many talented people. Indeed, the list of people who have contributed to this project is so long, and their contributions so valuable, that it seems an injustice that only a single name appears on the cover.

CONTENTS

1. Ten Principles of Economics
2. Thinking Like an Economist
3. Interdependence and the Gains from Trade
4. The Market Forces of Supply and Demand 65
5. Elasticity and Its Application 89
6. Supply, Demand, and Government Policies
7. Consumers, Producers, and the Efficiency of Markets 137
8. Application: The Costs of Taxation
9. Application: International Trade
10. Measuring a Nation’s Income
11. Measuring the Cost of Living
12. Production and Growth
13. Saving, Investment, and the Financial System
14. The Basic Tools of Finance
15. Unemployment
16. The Monetary System
17. Money Growth and Inflation
18. Open-Economy Macroeconomics: Basic Concepts
19. A Macroeconomic Theory of the Open Economy
20. Aggregate Demand and Aggregate Supply
21. The Influence of Monetary and Fiscal Policy on Aggregate Demand
22. The Short-Run Trade-off between Inflationand Unemployment
23. Five Debates over Macroeconomic Policy

Páginas : 559
Peso : 8mb.
Formato : PDF.
Edición : Primera
Año de Publicación :2008
ISBN : 9780324600902
Editorial : Cengage Learning
Autor: N. Gregory Mankiw

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A MODEL OF MACROECONOMIC ACTIVITY: THE EMPIRICAL MODEL, VOL. II

The work described in this volume is a continuation of my effort to try to improve the specification of macroeconomic models. The model presented in this volume is an empirical version of the theoretical model developed in Volume I. Three important features of the theoretical model that distinguish it from earlier models are that it is based on solid microeconomic foundations, it accounts explicitly for disequilibrium effects, and it accounts for all flows of funds in the system. These three features have been carried over to the empirical model.

CONTENTS

1. Introduction
2. The Complete Model
3. Econometric Issues
4. The Household Sector
5. The Firm Sector
6. The Financial Sector
7. The Foreign and Government Sectors
8. The Foreign and Government Sectors
9. The Properties of the Model
10. Some Optimal Control Results
11. Conclusion

Páginas : 235
Peso : 9mb.
Formato : PDF.
Edición : Primera
Año de Publicación :1976
ISBN : 0884102955
Editorial : Ballinger
Autor:Ray C. Fair

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GLOBALIZATION AND ECONOMIC ETHICS

How should we divide societal resources and output among ourselves? According to need, contribution, equality, economic efficiency, or deserts? Why? How should we rank these criteria of distributive justice in order of their importance? These are among the biggest unresolved questions of political economy, and they have become even more divisive in the face of globalization

CONTENTS

Preface

Part I The Knowledge Economy
Part II Efficiency as a Criterion of Distributive Justice
Part III Need as a Criterion of Distributive Justice
Part IV Entitlement as a Criterion of Distributive Justice

Notes
References
Index

Páginas : 320
Peso : 1mb.
Formato : PDF.
Edición : Primera
Año de Publicación :2008
ISBN : 978-0-230-60089-8
Editorial : Palgrave
Autor:Barrera, Albino

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EQUILIBRIUM IN ECONOMICS: SCOPE AND LIMITS

Most, if not all, the chapters in this book are written versions of talks given in the academic year 2003–04 and in the Michaelmas term of 2004–05 at the Centre for the Philosophy of the Natural and Social Sciences of the London School of Economics. The talks were part of the activities of the seminar series ‘Dissent in Science’ that I had created a year earlier.

CONTENTS
Introduction:

1. Equilibrium in mechanics and then in economics, 1860–1920: a good source for analogies?
2. Between economics and chemistry: Lavoisier’s and Le Chatelier’s notions of equilibrium
3. The ubiquity of the notion of equilibrium in biology, and its relation with equilibrium in economics
4. ‘Sympathy’, ‘character’ and economic equilibrium
5. Economic equilibrium in the French Enlightenment: the case of A.N. Isnard
6. Influences on the economic theory of A.A. Cournot: mechanics, physics and biology Tensions in modern economics: the case of equilibrium analysis
8. Equilibrium and problem solving in economics
9. Equilibrium analysis: a middlebrow view
10. Equilibrium in economics, stability and stationarity in econometrics
11. Equilibrium in economics: some concepts and controversies
12. Heavens above: what equilibrium means for economics 240
13. The hypostatisation of the concept of equilibrium in neoclassical economics

Páginas : 322
Peso : mb.
Formato : PDF.
Edición : Primera
Año de Publicación :2007
ISBN : 978-0415493666
Editorial : Routledge
Autor: Valeria Mosini

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ECONOMICS FOR AN IMPERFECT WORLD

Throughout Joseph Stiglitz's long and distinguished career in economics, the focus has been on the real world, with all of its imperfections. His 2001 Nobel Prize recognized his pioneering research in imperfect information; his work in other areas, including macroeconomics, public economics, and development economics, has been just as influential. This volume, a collection of essays written to mark Stiglitz's sixtieth birthday, reflects the wide-ranging influence of "Stiglitzian" economics. The many distinguished contributors are his teachers, students, and coauthors; their participation testifies to the personal and professional impact of Joseph Stiglitz's contributions to contemporary economic thought.

CONTENTS

Introduction
1 Joseph E. Stiglitz and Economics for an Imperfect World
2 A Small Pearl for Doctor Stiglitz’s Sixtieth Birthday: When Risk Averters Positively Relish ‘‘Excess Volatility’’ Faith in Insurance Contracting
4 Markets under Stress: The Case of Extreme Event Insurance
5 Per-Mile Premiums for Auto Insurance
6 Capital Adequacy Regulation: In Search of a Rationale
7 Learning Revisited
8 Regulating Nonlinear Environmental Systems under Knightian Uncertainty
9 Conflicting Preferences and Voluntary Restrictions on Choices
10 Punctuality: A Cultural Trait as Equilibrium
11 A Few Righteous Men: Imperfect Information, Quit-for-Tat, and Critical Mass in the Dynamics of Cooperation
12 Market Structure, Organizational Structure, and R&D Diversity
13 Patent Oppositions
14 The Economics of Vertical Restraints
15 Stumbling Toward a Macroeconomics of the Medium Run
16 Waiting for Work
17 Welfare Economics in Imperfect Economies
18 Optimality or Sustainability?
19 Labor Market Flexibility and the Welfare State
20 The Fiscal Politics of Big Governments: Do Coalitions Matter?
21 Indirect Taxation and Redistribution: The Scope of the Atkinson- Stiglitz Theorem
22 Optimum Income Taxation When Earnings Are Imperfectly Correlated with Productivity
23 Can Government Collect Resources without Hurting Investors? Taxation of Returns from Assets
24 Reforming the Taxation of Human Capital: A Modest Proposalfor Promoting Economic Growth
25 Birth, Recoveries, Vaccinations, and Externalities
26 The Road Less Traveled: Oligopoly and Competition Policy in General Equilibrium
27 Trade, Geography, and Monopolistic Competition: Theory and an Application to Spatial Inequalities in Developing Countries
28 Public Policy for Growth and Poverty Reduction
29 Risk, Reform, and Privatization
30 Can Privatization Come Too Soon? Politics after the Big Bang in Post-Communist Societies
Appendix
31 Information and the Change in the Paradigm in Economics
32 Joseph E. Stiglitz Bibliography
Index

Páginas : 616
Peso : 4mb.
Formato : PDF.
Edición : Primera
Año de Publicación :2003
ISBN : 978-0262012058
Editorial : MIT Press
Autor: Richard Arnott, Bruce Greenwald, Ravi Kanbur , Barry Nalebuff

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COMPUTATIONAL METHODS FOR THE STUDY OF DYNAMIC ECONOMIES

In September 1996 the European University Institute convened the 7th Summer School of the European Economic Association on computational methods for dynamic macroeconomics. Fifty-six graduate students from Europe and 11 faculty from Europe and America gathered for 14 days of lectures and student seminars at the Badia in Fiesole. This book assembles papers whose first drafts served as the lecture notes for the conference. The conference aimed to disseminate ideas about how to compute solutions of dynamic economic models and how to apply them.

Páginas : 296
Peso : 13mb.
Formato : PDF.
Edición : Primera
Año de Publicación :1999
ISBN : 978-0198294979
Editorial : Oxford University Press, USA
Autor: Ramon Marimon, Andrew Scott

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INFLATION, EMPLOYMENT AND BUSINESS FLUCTUATIONS

The aim of the series is to cover topics in economics, mathematical economics and econometrics, at a level suitable for graduate students or final year undergraduates specializing in economics. There is at any time much material that has become well established in journal papers and discussion series which still awaits a clear, self-contained treatment that can easily be mastered by students without considerable preparation or extra reading.

CONTENTS

Introduction to the series
Preface
Introduction
Chapter 8: The Dynamics of Inflation and Employment
Chapter 9: Business Fluctuations and Stabilization Policies
Author Index
Subject Index

Páginas : 746
Peso : 3mb.
Formato : PDF.
Edición : Primera
Año de Publicación :2000
ISBN: 978-0444505187
Editorial: North Holland
Autor C.J. Bliss, M.D. Intriligator


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THE MACRODYNAMICS OF CAPITALISM

This book provides an introduction to advanced macrodynamics, viewed as a disequilibrium theory of fluctuating growth. It builds on an earlier attempt to reformúlate the foundations of macroeconomics from the perspective of real markets disequilibrium and the conflict over income distribution between capital and labor. It does so, not because it wants to support the view that this class conflict is inevitable, but with the perspective that an understanding of this conflict may help to formúlate socio-economic principles and policies that can help to overcome class conflict at least in its cruder forms or that can even lead to rationally understandable procedures and rules that turn this conflict into a consensus-driven interaction between capitalists or their representatives and the employable workforce.

CONTENTS
Preface
1. Goodwin Growth Cycles in a Keynes Trade Cycle Framework and Beyond
2. Keynes, the “Classics,” and the “New Classics”: A Simple Presentation of Basic Differences
3. After Keynes: Real Growth and (In-)Stability
4. Distributive Stability by the Reserve Army Mechanism: Marx’s Contribution
5. Inflation, Stagflation, and Disinflation: Friedman – or Marx?
6. Keynesian Monetary Growth Under Adaptive Expectations
7. A Classical Revolution in Keynesian Macrodynamics?
8. Keynesian AD-AS, Quo Vadis?
9. Keynesian DAD-DAS Modeling: Baseline Structure and Estimation
10. Modeling Our Future: Flexicurity Capitalism

Mathematical Appendix: Some Useful Theorems
References

Páginas : 399
Peso : 5mb.
Formato : PDF.
Edición : Segunda
Año de Publicación :2000
ISBN : 978-3540879312
Editorial : Springer
Autor Peter Flaschel


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AN INTRODUCTION TO ECONOMIC DYNAMICS

In this chapter we shall introduce some basic concepts of dynamics. In order to illustrate these we shall consider just one example. This example is a simple linear model. Why such a linear equation explains what is of interest we shall not consider here. Our main aim is to define and elaborate on dynamic concepts that we shall use throughout this book. Our second aim is to show how such a model can be set up on a spreadsheet and then investigated interactively.

CONTENTS
List of tables and boxes
Preface
1. Introduction
2. Demand and Supply Dynamics
3. Simple Keynesian Dynamics
4. Constructing Trajectories in the Phase Plane
5. IS-LM Dynamics
6. Inflation–Unemployment Dynamics
7. Dynamics of The Firm
8. Saddles and Rational Expectations
9. Fiscal Dynamics and the Maastricht Treaty
10. A Little Bit of Chaos
Brief answers to selected exercises
Further reading
Index

Páginas: 237
Peso : 3mb.
Formato : PDF.
Edición : Primera
Año de Publicación :2001
ISBN : 978-0521804783
Editorial : Cambridge
Autor : Ronald Shone

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MACROECONOMICS 8 EDITION

"Macroeconomics" has been a long-standing, leading intermediate macroeconomic theory text since its introduction in 1978. This revision retains most of the texts traditional features, including a middle-of-the-road approach and contemporary research, while updating and simplifying the exposition. The only pre-requisite continues to be principles of economics.

CONTENTS
Preface

1. Introduction and National Income Accounting
2. Growth Aggregate Supply and Demand and Policy
3. First Models
4. Behavioral Foundatios
5. Big Events International Adjustments, and Advacend Topics

Glossary
Index

Páginas : 576
Peso : 16 mb.
Formato : PDF.
Edición : Primera
Año de Publicación :2000
ISBN : 978-0071180337
Editorial : McGraw Hill
Autor : Rudiger Dornbusch, Stanley Fischer

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DYNAMIC ECONOMICS: QUANTITATIVE METHODS AND APPLICATIONS

This book is an effective, concise text for students and researchers that combines the tools of dynamic programming with numerical techniques and simulation-based econometric methods. Doing so, it bridges the traditional gap between theoretical and empirical research and offers an integrated framework for studying applied problems in macroeconomics and microeconomics. In part I the authors first review the formal theory of dynamic optimization; they then present the numerical tools and econometric techniques necessary to evaluate the theoretical models. In language accessible to a reader with a limited background in econometrics, they explain most of the methods used in applied dynamic research today, from the estimation of probability in a coin flip to a complicated nonlinear stochastic structural model. These econometric techniques provide the final link between the dynamic programming problem and data. Part II is devoted to the application of dynamic programming to specific areas of applied economics, including the study of business cycles, consumption, and investment behavior. In each instance the authors present the specific optimization problem as a dynamic programming problem, characterize the optimal policy functions, estimate the parameters, and use models for policy evaluation. The original contribution of Dynamic Economics: Quantitative Methods and Applications lies in the integrated approach to the empirical application of dynamic optimization programming models. This integration shows that empirical applications actually complement the underlying theory of optimization, while dynamic programming problems provide needed structure for estimation and policy evaluation.

I Theory

2 Theory of Dynamic Programming
3 Numerical Analysis
4 Econometrics

II Applications

5 Stochastic Growth
6 Consumption
7 Durable Consumption
8 Investment
9 Dynamics of Employment Adjustment
10 Future Developments

Páginas : 293
Peso : 1 mb.
Formato : PDF.
Edición : Primera
Año de Publicación :2003
ISBN : 978-0262012010
Editorial : MIT
Autor : Jerome Adda, Russell W Cooper


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INTRODUCTORY ECONOMICS (MICRO AND MACRO) A TEXTBOOK FOR CLASS XII

Introductory Economics ?A Textbook for Class XII deals with fundamentals of Micro and Macroeconomics for the beginners as per the new syllabus issued by NBSE and CBSE. Part-A of the book deals with Microeconomics containing five units and Part-B contains another six units explaining the basics of Macroeconomics. A total of eleven units have been suitably divided into twenty seven chapters.

PART A INTRODUCTORY MICROECONOMICS

1. Introduction To Microeconomics
2. Problems Of An Economy
3. Consumer Behaviour
4. Demand And Law Of Demand
5. Elasticity Of Demand
6. Theory Of Production
7. Supply And Its Determinants
8. Concepts Of Cost
9. Concepts Of Revenue
10. Forms Of Market And Price Determination
11. Factor Price Determination
12. Factor Prices, Comparative Advantage And International Trade

PART B INTRODUCTORY MACROECONOMICS

13. Introduction To Macroeconomics
14. National Income And Related Aggregates
15. Measurement Of National Income—Value Added Method
16. Measurement Of National Income—Income Method
17. Measurement Of National Income—Expenditure Method
18. Aggregate Demand And Aggregate Supply
19. Determination Of Income And Employment
20. Consumption Function
21. Concept Of Multiplier
22. Excess And Deficient Demand
23. Money—Meaning And Functions
24. Banking
25. Government Budget—Meaning And Components
26. Foreign Exchange Rate—Meaning And Determination
27. Balance Of Payments Account—Meaning And Components

APPENDICES

Páginas : 256
Peso : 2 mb.
Formato : PDF.
Edición : Primera
Año de Publicación : 2006
ISBN : 9788122418309
Editorial : New Age International
Autor : Subhendu Dutta


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