Author: Davide Di LaureaPublisher:
ISBN:
Category :
Languages : en
Pages : 26
Book Description
Departures from Ricardian Equivalence
Author: Davide Di LaureaThe Failure of Ricardian Equivalence Under Progressive Wealth Taxation
Author: Andrew B. AbelPublisher:
ISBN:
Category : Inheritance and transfer tax
Languages : en
Pages : 36
Book Description
Departures from Ricerdian Equivalence hold more generally under any nonlinear tax on saving, wealth or income accruing to wealth.
Assessing Ricardian Equivalence
Author: Roberto RicciutiPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper reviews the literature on Ricardian equivalence. This hypothesis may be interpreted as a generalization to the short and the long run of the theories that put no weight on the real effects of public policies on aggregate demand. We argue that Ricardian equivalence relies on both the permanent income hypothesis and the fulfillment of the intertemporal government budget constraint. The theoretical literature emphasizes several reasons for departures from this hypothesis. However, the empirical literature is inconclusive. When Ricardian equivalence is tested in a life-cycle framework the hypothesis is usually rejected, while when the empirical analysis is based on optimizing models, it is usually accepted.
A Macroeconomics Reader
Author: Brian SnowdonPublisher: Routledge
ISBN: 113472909X
Category : Business & Economics
Languages : en
Pages : 689
Book Description
This book brings together a collection of key readings in modern macroeconomics. Each article has been chosen to provide the reader with accessible, non-technical papers which assess the controversies within modern macroeconomics.
Lectures on Macroeconomics
Author: Olivier BlanchardPublisher: MIT Press
ISBN: 9780262022835
Category : Business & Economics
Languages : en
Pages : 674
Book Description
The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices. Lectures on Macroeconomics provides the first comprehensive description and evaluation of macroeconomic theory in many years. While the authors' perspective is broad, they clearly state their assessment of what is important and what is not as they present the essence of macroeconomic theory today.The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices. The most important fact of modern economic history is persistent long term growth, but as the book makes clear, this growth is far from steady. The authors analyze and explore these fluctuations. Topics include consumption and investment; the Overlapping Generations Model; money; multiple equilibria, bubbles, and stability; the role of nominal rigidities; competitive equilibrium business cycles, nominal rigidities and economic fluctuations, goods, labor and credit markets; and monetary and fiscal policy issues. Each of chapters 2 through 9 discusses models appropriate to the topic. Chapter 10 then draws on the previous chapters, asks which models are the workhorses of macroeconomics, and sets the models out in convenient form. A concluding chapter analyzes the goals of economic policy, monetary policy, fiscal policy, and dynamic inconsistency. Written as a text for graduate students with some background in macroeconomics, statistics, and econometrics, Lectures on Macroeconomics also presents topics in a self contained way that makes it a suitable reference for professional economists.
The Neocon Reader
Author: Irwin M. StelzerPublisher: Grove Press
ISBN: 9780802141934
Category : Conservatism
Languages : en
Pages : 340
Book Description
Fiscal Policy, Public Debt and the Term Structure of Interest Rates
Author: Roland DemmelPublisher: Springer Science & Business Media
ISBN: 3642585957
Category : Business & Economics
Languages : en
Pages : 284
Book Description
The introduction of the thesis consists of four parts: first, we motivate our chosen macroeconomic setting by looking at some real world phenomena. For a better understanding of these phenomena, we argue that the mutual dynamic interactions between flScal policy and financial markets need to be closely examined in a macroeconomic framework. Second, we review different strands of the economic literature in order to show that most of the literature has so far exclusively concentrated either on fmancial market dynamics or on flScal policy issues. We conclude that a more integrated model setting is called for in order to explain the dynamic interactions observed in reality. Third, we discuss at length the economic assumptions underlying our model. This avoids multiple repetition later on. Finally, we outline the structure of the thesis and the objectives we pursue in the different chapters. 1. 1 Motivation Fiscal policy and financial market reactions are increasingly receiving world wide attention. The most recent examples are the Maastricht criteria about flScal control, the South-East Asia financial crisis and the resulting IMF policy stance, the high level of public debt in developed and developing countries and the effect on interest rates and economic growth. In contrast to the still underdeveloped theoretical literature on these dynamic links, finding empirical evidence that supports the existence of these links is not a very hard task.
Macroeconomics
Author: Andrew B. AbelPublisher: Pearson UK
ISBN: 1292171480
Category : Electronic books
Languages : en
Pages : 1044
Book Description
EBOOK: Advanced Macroeconomics
Author: ROMERPublisher: McGraw Hill
ISBN: 1526864762
Category : Business & Economics
Languages : en
Pages : 738
Book Description
EBOOK: Advanced Macroeconomics
Essentials of Advanced Macroeconomic Theory
Author: Ola OlssonPublisher: Routledge
ISBN: 113649460X
Category : Business & Economics
Languages : en
Pages : 233
Book Description
Trying to summarize the essentials of macroeconomic theory in the wake of the financial crisis that has shaken not only Western economies but also the macroeconomic profession is no easy task. In particular, the notion that markets are self-correcting and always in equilibrium appears to have taken a heavy blow. However, the jury is still out on which areas should be considered as failures and what which constitute the future of research. The overall aim of this text is to provide a compact overview of the contributions that are currently regarded as the most important for macroeconomic analysis and to equip the reader with the essential theoretical knowledge that all advanced students in macroeconomics should be acquainted with. The result is a compact text that should act as the perfect complement to further study of macroeconomics: an introduction to the key concepts discussed in the journal literature and suitable for students from upper undergraduate level through to PhD courses.