Author: Vivien Lévy-GarbouaPublisher:
ISBN:
Category :
Languages : en
Pages : 328
Book Description
Efficiency and Optimality in Macroeconomic Policy
Author: Vivien Lévy-GarbouaThe Foundations of Economic Policy
Author: Nicola AcocellaPublisher: Cambridge University Press
ISBN: 9780521586382
Category : Business & Economics
Languages : en
Pages : 546
Book Description
Recent developments in public economics have largely been in the direction of reaffirming the limits of the market and of establishing new ones. The possible existence of fundamental non-convexities, imperfect and asymmetric information, incentive compatibility, imperfect competition, strategic complementarity, and scale economies led to the conclusion that a large set of market failures exist; such situations also imply government failure. Acocella, considers this complicated picture and provides a discussion of the different approaches to establishing social 'rankings' of the possible situations and the underlying principles. The arguments for and against different institutions are then analysed at a micro and macroeconomic level. The market and the government are recognised as imperfect, and thus complementary, institutions. Specific policy targets and instruments are considered in the areas of micro and macro-economic policy. Special attention is devoted to questions of policy management in an open economy. Finally, problems of domestic and international policy co-ordination are considered.
Economic Efficiency
Author: Fouad SabryPublisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 409
Book Description
What is Economic Efficiency In microeconomics, economic efficiency, depending on the context, is usually one of the following two related concepts:Allocative or Pareto efficiency: any changes made to assist one person would harm another.Productive efficiency: no additional output of one good can be obtained without decreasing the output of another good, and production proceeds at the lowest possible average total cost. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Economic efficiency Chapter 2: Economics Chapter 3: Keynesian economics Chapter 4: Microeconomics Chapter 5: Neoclassical economics Chapter 6: Perfect competition Chapter 7: Pareto efficiency Chapter 8: General equilibrium theory Chapter 9: Market failure Chapter 10: New Keynesian economics Chapter 11: Economic globalization Chapter 12: Production-possibility frontier Chapter 13: Welfare economics Chapter 14: Allocative efficiency Chapter 15: Economic problem Chapter 16: Productive efficiency Chapter 17: Schools of economic thought Chapter 18: Neoclassical synthesis Chapter 19: New classical macroeconomics Chapter 20: Economic growth Chapter 21: Profit (economics) (II) Answering the public top questions about economic efficiency. (III) Real world examples for the usage of economic efficiency in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economic Efficiency.
Macroeconomic Policy and Public Choice
Author: David KieferPublisher: Springer Science & Business Media
ISBN: 3642605648
Category : Business & Economics
Languages : en
Pages : 261
Book Description
This book considers the connections between macroeconomics and government politics. The central idea is the existence of a political economic equilibrium in which the government acts to dampen the business cycle. Special attention is given to relevant data and to the possibility of hypothesis testing. This is a revised and extended study edition that is updated to include topics such as political business cycles, government debt, and deficit and social security.
On the Accuracy and Efficiency of Polynominal Approximations in Optimal Macroeconomic Policy Determination
Author: Carl J. PalashPublisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 23
Book Description
Policy Analysis and Economics
Author: David L. WeimerPublisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 250
Book Description
Long before policy analysis emerged as a separate profession with its own graduate schools, economists offered advice about government policies. Positive economics provides the tools for predicting the impacts of prop osed policies; normative economics, especially welfare theory, offers a framework for valuing the impacts of policies in terms of efficiency and simple notions of equity. With the expansion of economic theory into ever wider fields of human behavior, it is no wonder that economists have prominence as teachers and practitioners of policy analysis. Indeed, many economists see policy analysis as essentially applied economics. Though other social scientists might object to this somewhat parochial view, economics and policy analysis share much in commom in terms of develop ment and prospects. The purpose of this volume is to trace these interrela tionships and explore the tensions that they create. Tensions arise for several reasons. Changes in the discipline of econ omics affect the findings, methods, and personnel offered to policy analy sis. For example, on the one hand, the "new institutional economics" appears to be extending the influence of economists to questions involving nonmarket oranizations, while on the other hand, the apparently growing emphasis within the economics profession on creating rather than empir ically testing theory suggests that fewer of the best young scholars will be drawn to policy-relevant research. Within the schools of policy analysis, the drift toward public management may reduce the demand for traditional economic training.
Social Efficiency
Author: Peter BohmPublisher:
ISBN:
Category : Political Science
Languages : en
Pages : 204
Book Description
On the Accuracy and Efficiency If Polynominal Approximations in Optimal Macroeconomic Policy Determination
Author: Carl PalashThe Economic Efficiency of Financial Markets
Author: Jan MossinPolitical Economy of Economic Policy
Author: Wilfred L. DavidPublisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 296
Book Description
David takes as his point of departure the orthodox rational paradigm of public policy-making--which, he argues, does not adequately reflect real-world process--to present an integrated model for economic policy formulation and execution. By juxtaposing the theoretical foundations of the rationalist model with insights drawn from alternative systems of political economy, he shows how economic decisionmaking is both more complex and less idealistic than the rational paradigm assumes. In constructing his argument, David systematically integrates ideas drawn from moral philosophy, politics, sociology, systems theory, institutional and neo-Marxian economic thought, and international dimensions of poitical economy. He suggests a reorientation of theory and analysis based on an approach emphasizing the role of values, conflicts, power, and divergent interests in the decisionmaking process. Focusing throughout on questions raised by the rationalist model, David builds his analysis around issues such as: the validity of the dominant theories of public economic decision-making; the logical vis-a-vis ideological foundations of economic policy postulates; the extent to which decisions can be made more responsive to values pertaining to human development.