Macroeconomics, theories & policies

Başlık:

Yazar:

Froyen, Richard T.

ISBN:

9780132338677

9780132427777

Ek Yazar:

Froyen, Richard T.

Edition:

5th ed.

Yayım Bilgisi:

Fiziksel Tanım:

xix, 570 pages : color illustrations ; 25 cm.

Contents:

Introduction and measurement -- Macroeconomic models -- Extensions of the models -- Economic policy -- Open economy macroeconomics.

Konu Terimleri:

Makroekonomi.

Macroeconomics.

Mevcut:*

Library	Materyal Türü	Barkod	Yer Numarası	Durum
Searching... Pamukkale Merkez Kütüphanesi	Kitap	0104034	HB172.5 .F76 1996	Searching... Unknown

This text explains the difference among macro economists on issues of theory and policy while comparing and contrasting modern macroeconomic theory. This edition has been completely updated. It provides a balanced coverage of macroeconomic models, and an aggregate supply/demand framework is used to integrate the discussion of topics throughout. An up-to-date summary of Keynesian position is included, as well as an extensive treatment of monetary policy and coverage of money demand. The framework used is the Mundell-Fleming model and the cases of both imperfect and perfect capital are considered.

I Introduction and Measurement

1 Introduction

What is Macroeconomics? Post-World War II Economic Performance

Central Questions in Macroeconomics

2 Measurement of Macroeconomic Variables

The National Income Accounts

Gross Domestic Product

National Income

Personal and Personal Disposable Income

Some National Income Accounting Identities

Measuring Price Changes: Real Versus Nominal GDP

The Consumer Price Index and the Producer Price Index

Measures of Cyclical Variation in Output

II Macroeconomic Models

3 Classical Macroeconomics (I): Equilibrium Output and Employment

The Starting Point

The Classical Revolution

Production

Employment

Equilibrium Output and Employment

4 The Classical System (II): Money, Prices, and Interest

The Quantity Theory of Money

The Classical Theory of the Interest Rate

Policy Implications of the Classical Equilibrium Model

5 The Keynesian System (I): The Role of Aggregate Demand

The Problem of Unemployment

The Simple Keynesian Model: Conditions for Equilibrium Output

The Components of Aggregate Demand

Determining Equilibrium Income

Changes in Equilibrium Income

Fiscal Stabilization Policy

6 The Keynesian System (II): Money, Interest, and Income

Money in the Keynesian System

The IS-LM

Curve Model

7 The Keynesian System (III): Policy Effects in the IS-LM

Model

Factors Affecting Equilibrium Income and the Interest Rate

The Relative Effectiveness of Monetary and Fiscal Policy

8 The Keynesian System (IV): Aggregate Supply and Demand

The Keynesian Aggregate Demand Curve

The Keynesian Aggregate Demand Curve Combined with the Classical Theory of Aggregate Supply

The Keynesian Contractual View of the Labor Market

Labor Supply and Variability in the Money Wage

The Effects of Shifts in the Aggregate Supply Function

Keynes Versus the Classics

9 The Monetarist Counterrevolution

Introduction

The Reformulation of the Quantity Theory of Money

Monetary and Fiscal Policy: Monetarists Versus Keynesians

The Recent Behavior of the Money-Income Relationship

10 Output, Inflation, and Unemployment: Monetarist and Keynesian Views

The Natural Rate Theory

Monetary Policy, Output, and Inflation: A Monetarist View

A Keynesian View of the Output-Inflation Trade-Off

11 New Classical Economics

The New Classical Attack

A Broader View of the New Classical Position

The Keynesian Countercritique

12 New Classical and New Keynesian Directions

Real Business Cycle Models

New Keynesian Economics

13 Macroeconomic Models: A Summary

Theoretical Issues

Policy Issues

III Extensions of The Models

14 Consumption and Investment

Consumption

Investment Spending

15 Money Demand

The Definition of Money

The Theory of the Transactions Demand for Money

Extensions of Keynes's Theory of the Demand for Money as a Store of Wealth

Instability of Money Demand

16 The Money Supply Process

The Federal Reserve System

Bank Reserves and Bank Deposits

Who Controls the Money Stock

17 The Supply Side: Intermediate and Long-Term Economic Growth

Long-Run Steady-State Growth

Determinants of Output Growth in Intermediate-Run Periods

Supply-Side Economics and the Policies of the Reagan and Bush Administrations

IV Economic Policy

18 Fiscal Policy

The Goals of Macroeconomics Policy

The Goals of Macroeconomic Policymakers

The Federal Budget

The Economy and the Federal Budget: The Concept of Automatic Fiscal Stabilizers

Keynesian Objections to Balanced-Budget Rules

What About the Deficit?

19 Monetary Policy

The Monetary Policymaking Process

19.2 Competing Strategies for Monetary Policy: Targeting Monetary Aggregates or Interest Rates

Implications of Intermediate Targeting on a Monetary Aggregate

Implications of Targeting the Interest Rate

Money Stock Versus Interest Rate Targets

The Evolution of Federal Reserve Strategy

V Open Economy Macroeconomics

20 Exchange Rates and the International Monetary System

The U.S.

Balance of Payments Accounts

Exchange Rates and the Market for Foreign Exchange

The Current Exchange Rate System

Advantages of Exchange Rate Flexibility U.S.

Experience with Floating Exchange Rates

Fixed Versus Flexible Exchange Rates

21 Monetary and Fiscal Policy in the Open Economy

The Mundell-Fleming Model

Monetary and Fiscal Policy in the Open Economy: The Case of Imperfect Capital Mobility

Monetary and Fiscal Policy in the Open Economy: The Case of Perfect Capital Mobility

Glossary

Index

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