Advanced Macroeconomics
Publisher: Bookboon.com
Published: 2013
ISBN-13: 9788740302783
Table of contents: title: Sisältö; title: Introduction to Macroeconomics; title: From a closed to an open economy; title: The IS-LM Framework; title: Aggregate demand and supply; title: The Consumption Function; title: Introduction; title: The Ando-Modigliani Approach: The life cycle hypothesis; title: The Friedman approach: Permanent income; title: Friedman’s consumption function: Cyclical movement; title: The Duesenberry Approach: Relative income; title: Money: Definition and function; title: Aggregate supply, wages, prices and employment; title: The Philips Curve; title: The dynamic aggregate supply curve; title: The production function; title: The properties of the aggregate supply curve; title: Inflation expectations and the aggregate supply curve; title: The aggregate supply curve (ASC); title: The modified Philips Curve; title: The expected augmented Philips Curve; title: Criticism; title: The open economy: Macroeconomy; title: Introduction; title: The open economy and the goods market; title: The Mundell-Fleming model; title: Competitive depreciation; title: The role of prices in an open economy; title: Automatic adjustment; title: Expenditure switching and expenditure reducing policies; title: Devaluation; title: The exchange rate and prices; title: The crawling peg exchange rate; title: The J curve effect; title: The Monetary Approach to Balance of Payments (MABoP): the IMF approach to macroeconomic stabilization; title: Exchange rate overshooting; title: Modern Macroeconomics; title: Introduction; title: The efficiency wage hypothesis; title: The government budget constraints and debt dynamics; title: Rational expectations; title: The new Keynesian alternative; title: The Ricardian Equivalence (RE); title: The search and matching model; title: Implicit contracts; title: The insider–outsider model; title: The real business cycle theory; title: International adjustments:Policy implications; title: Government budget constraints; title: Hyperinflation; title: The Laffer curve; title: Controlling the deficit; title: Debt management; title: The dynamics of the deficit and debts; title: The Barro-Ricardo problem; title: Money and debt financing; title: The burden of debt; title: Government assets; title: The budget deficit; title: The size of debt /budget; title: The merged Bank-Fund model; title: Rules versus discretion; title: Lags in the effects of policy; title: Gradualism vs. shock therapy; title: Credibility; title: References:; title: Glossary