Author: Daniele Caratelli
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This dissertation explores three questions in macroeconomics: two pertaining to labor macroeconomics and one concerning monetary economics. In the first chapter, I study the role wealth plays in workers' labor market outcomes and, in turn, how it impacts their earnings prospects over the business cycle. In the second chapter (joint with Basil Halperin) we investigate the optimal monetary policy in an sectoral economy with menu costs and find that the central bank should target constant nominal wages and not constant prices, as is typically prescribed. In the third and final chapter (joint with Aniket Baksy) we show that increased educational attainment played an important role in the decline in worker mobility in the US over the past three decades. This contrast with the existing literature, which attributes the decline to lower economic dynamism.
Essays in Labor Macroeconomics and Monetary Economics
Author: Daniele Caratelli
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This dissertation explores three questions in macroeconomics: two pertaining to labor macroeconomics and one concerning monetary economics. In the first chapter, I study the role wealth plays in workers' labor market outcomes and, in turn, how it impacts their earnings prospects over the business cycle. In the second chapter (joint with Basil Halperin) we investigate the optimal monetary policy in an sectoral economy with menu costs and find that the central bank should target constant nominal wages and not constant prices, as is typically prescribed. In the third and final chapter (joint with Aniket Baksy) we show that increased educational attainment played an important role in the decline in worker mobility in the US over the past three decades. This contrast with the existing literature, which attributes the decline to lower economic dynamism.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This dissertation explores three questions in macroeconomics: two pertaining to labor macroeconomics and one concerning monetary economics. In the first chapter, I study the role wealth plays in workers' labor market outcomes and, in turn, how it impacts their earnings prospects over the business cycle. In the second chapter (joint with Basil Halperin) we investigate the optimal monetary policy in an sectoral economy with menu costs and find that the central bank should target constant nominal wages and not constant prices, as is typically prescribed. In the third and final chapter (joint with Aniket Baksy) we show that increased educational attainment played an important role in the decline in worker mobility in the US over the past three decades. This contrast with the existing literature, which attributes the decline to lower economic dynamism.
Essays In The Fundamental Theory Of Monetary Economics And Macroeconomics
Author: John Smithin
Publisher: World Scientific Publishing Company
ISBN: 9814525294
Category : Business & Economics
Languages : en
Pages : 341
Book Description
This book provides a comprehensive overview, in the form of eight long essays, of the evolution of monetary theory over the three-quarters of century, from the time of Keynes to the present day. The essays are originally based on lecture notes from a graduate course on Advanced Monetary Economics offered at York University, Toronto, written in the style of academic papers. The essays are mathematical in method — but also take a historical perspective, tracing the evolution of monetary thought through the Keynesian model, the monetarist model, new classical model, etc, up to and including the neo-Wickesellian models of the early 21st century. The book will be an essential resource for both graduate and advanced undergraduate students in economics, as well as for individual researchers seeking basic information on the theoretical background of contemporary debates.
Publisher: World Scientific Publishing Company
ISBN: 9814525294
Category : Business & Economics
Languages : en
Pages : 341
Book Description
This book provides a comprehensive overview, in the form of eight long essays, of the evolution of monetary theory over the three-quarters of century, from the time of Keynes to the present day. The essays are originally based on lecture notes from a graduate course on Advanced Monetary Economics offered at York University, Toronto, written in the style of academic papers. The essays are mathematical in method — but also take a historical perspective, tracing the evolution of monetary thought through the Keynesian model, the monetarist model, new classical model, etc, up to and including the neo-Wickesellian models of the early 21st century. The book will be an essential resource for both graduate and advanced undergraduate students in economics, as well as for individual researchers seeking basic information on the theoretical background of contemporary debates.
Essays on Macroeconomic Implications of Financial and Labor Markets and Political Processes
Author: Karl Brunner
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 338
Book Description
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 338
Book Description
Money and Macroeconomics
Author: David E. W. Laidler
Publisher: Edward Elgar Publishing
ISBN: 9781781959800
Category : Business & Economics
Languages : en
Pages : 430
Book Description
Money and Macroeconomics is a significant collection of David Laidler's most important papers on the so-called 'monetarist counter-revolution'. This volume contains both published and unpublished examples of his influential contribution, detailing empirical work on the demand for money, the economics of inflation, the foundations of the 'buffer stock' approach to monetary theory, the monetarist critique of new classical economics and issues of economic policy.
Publisher: Edward Elgar Publishing
ISBN: 9781781959800
Category : Business & Economics
Languages : en
Pages : 430
Book Description
Money and Macroeconomics is a significant collection of David Laidler's most important papers on the so-called 'monetarist counter-revolution'. This volume contains both published and unpublished examples of his influential contribution, detailing empirical work on the demand for money, the economics of inflation, the foundations of the 'buffer stock' approach to monetary theory, the monetarist critique of new classical economics and issues of economic policy.
Value and Crisis: Essays on Labour, Money and Contemporary Capitalism
Author: Alfredo Saad Filho
Publisher: BRILL
ISBN: 900439320X
Category : Business & Economics
Languages : en
Pages : 373
Book Description
Value and Crisis brings together selected essays written by Alfredo Saad-Filho. This book examines the labour theory of value and its implications for the nature of neoliberalism, financialisation, inflation, monetary policy, and the crises of contemporary capitalism.
Publisher: BRILL
ISBN: 900439320X
Category : Business & Economics
Languages : en
Pages : 373
Book Description
Value and Crisis brings together selected essays written by Alfredo Saad-Filho. This book examines the labour theory of value and its implications for the nature of neoliberalism, financialisation, inflation, monetary policy, and the crises of contemporary capitalism.
Essays in Macroeconomics of an Open Economy
Author: Franz Gehrels
Publisher: Springer Science & Business Media
ISBN: 3642956599
Category : Business & Economics
Languages : en
Pages : 194
Book Description
The large aggregates in the economy - consumption, investment, production of the domestic and the international sectors, international capital flows, financial accumulation and indebtedness - are analysed in this book as problems in time-optimisation for enterprises and households. The effects of fiscal and monetary policies along with exchange-rate variation are examined, and their simultaneous use for stabilizing demand are found to be necessary. All household decisions on consumptions, savings, and financial disposition are conditioned by uncertainty, and similarly for firms, who make more complex simultaneous decisions on production, real investment, financing, and market strategy. The marginal efficiency-of-investment function derived from these decisions is fundamentally different from the marginal productivity of capital in the neoclassical sense. An economy which grows through the accumulation of capital, increase in labor supply, and technological progress is the framework in which all of these variables move. This codetermines the allocation of factors between domestic and international production, and the development of foreign trade. The growth both of the public debt and of international investment are treated in depth.
Publisher: Springer Science & Business Media
ISBN: 3642956599
Category : Business & Economics
Languages : en
Pages : 194
Book Description
The large aggregates in the economy - consumption, investment, production of the domestic and the international sectors, international capital flows, financial accumulation and indebtedness - are analysed in this book as problems in time-optimisation for enterprises and households. The effects of fiscal and monetary policies along with exchange-rate variation are examined, and their simultaneous use for stabilizing demand are found to be necessary. All household decisions on consumptions, savings, and financial disposition are conditioned by uncertainty, and similarly for firms, who make more complex simultaneous decisions on production, real investment, financing, and market strategy. The marginal efficiency-of-investment function derived from these decisions is fundamentally different from the marginal productivity of capital in the neoclassical sense. An economy which grows through the accumulation of capital, increase in labor supply, and technological progress is the framework in which all of these variables move. This codetermines the allocation of factors between domestic and international production, and the development of foreign trade. The growth both of the public debt and of international investment are treated in depth.
The Importance of Money
Author: H.W. Arndt
Publisher: Routledge
ISBN: 1351762508
Category : Social Science
Languages : en
Pages : 370
Book Description
This title was first published in 2001. A collection of essays written by H.W. Arndt, over a 50 year period, that cover a broad range of his work, from analytical issues in monetary and fiscal theory to political economy. The earlier essays should appeal to those interested in the history of economic thought whilst the more recent essays deal with issues such as economic globalization.
Publisher: Routledge
ISBN: 1351762508
Category : Social Science
Languages : en
Pages : 370
Book Description
This title was first published in 2001. A collection of essays written by H.W. Arndt, over a 50 year period, that cover a broad range of his work, from analytical issues in monetary and fiscal theory to political economy. The earlier essays should appeal to those interested in the history of economic thought whilst the more recent essays deal with issues such as economic globalization.
Microeconomics, Macroeconomics and Economic Policy
Author: P. Arestis
Publisher: Springer
ISBN: 0230313752
Category : Business & Economics
Languages : en
Pages : 316
Book Description
Microeconomics, Macroeconomics and Economic Policy are at the core of research and study in economics. The essays in this volume have been specifically commissioned and brought together to celebrate the work of Malcolm Sawyer, who has made substantial contributions in these areas.
Publisher: Springer
ISBN: 0230313752
Category : Business & Economics
Languages : en
Pages : 316
Book Description
Microeconomics, Macroeconomics and Economic Policy are at the core of research and study in economics. The essays in this volume have been specifically commissioned and brought together to celebrate the work of Malcolm Sawyer, who has made substantial contributions in these areas.
A Critical Essay on Modern Macroeconomic Theory
Author: Frank Hahn
Publisher: MIT Press
ISBN: 9780262581547
Category : Business & Economics
Languages : en
Pages : 174
Book Description
In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.
Publisher: MIT Press
ISBN: 9780262581547
Category : Business & Economics
Languages : en
Pages : 174
Book Description
In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.
On Money, Method and Keynes
Author: Philip Arestis
Publisher: Springer
ISBN: 1349219355
Category : Business & Economics
Languages : en
Pages : 236
Book Description
In these twelve essays, spanning fifteen years, Victoria Chick develops a distinctive view of macroeconomics (especially the economics of Keynes) and monetary theory. By careful and rigorous analysis in which nothing is taken for granted, she uncovers the implicit assumptions of economic theory and argues, in a variety of contexts, that differences of economic method and the influence of the stylised facts are decisive forces, both in the construction of theories and in appraising their contemporary relevance.
Publisher: Springer
ISBN: 1349219355
Category : Business & Economics
Languages : en
Pages : 236
Book Description
In these twelve essays, spanning fifteen years, Victoria Chick develops a distinctive view of macroeconomics (especially the economics of Keynes) and monetary theory. By careful and rigorous analysis in which nothing is taken for granted, she uncovers the implicit assumptions of economic theory and argues, in a variety of contexts, that differences of economic method and the influence of the stylised facts are decisive forces, both in the construction of theories and in appraising their contemporary relevance.