A Two-country Analysis of International Targeting of Nominal GNP PDF Download

Author: Jeffrey Alexander Frankel
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 40

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Author: Hans-Hermann Francke
Publisher: Duncker & Humblot
ISBN: 9783428480968
Category : Business & Economics
Languages : en
Pages : 456

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Author: Mikulás Luptácik
Publisher: Springer Science & Business Media
ISBN: 0387895523
Category : Mathematics
Languages : en
Pages : 299

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"Mathematical Optimization and Economic Analysis" is a self-contained introduction to various optimization techniques used in economic modeling and analysis such as geometric, linear, and convex programming and data envelopment analysis. Through a systematic approach, this book demonstrates the usefulness of these mathematical tools in quantitative and qualitative economic analysis. The book presents specific examples to demonstrate each technique’s advantages and applicability as well as numerous applications of these techniques to industrial economics, regulatory economics, trade policy, economic sustainability, production planning, and environmental policy. Key Features include: - A detailed presentation of both single-objective and multiobjective optimization; - An in-depth exposition of various applied optimization problems; - Implementation of optimization tools to improve the accuracy of various economic models; - Extensive resources suggested for further reading. This book is intended for graduate and postgraduate students studying quantitative economics, as well as economics researchers and applied mathematicians. Requirements include a basic knowledge of calculus and linear algebra, and a familiarity with economic modeling.

Author: Jeffrey A. Frankel
Publisher: MIT Press
ISBN: 9780262061742
Category : Business & Economics
Languages : en
Pages : 342

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In this second collection of his writings on financial markets (the first, On Exchange Rates, covered international finance), Jeffrey Frankel turns his attention to domestic markets, with special attention to how national monetary policy is handled. The decade of the 1980s left many central bankers disillusioned with monetarism, so that the question of the optimal nominal anchor remains an open one. In this second collection of his writings on financial markets (the first, On Exchange Rates, covered international finance), Jeffrey Frankel turns his attention to domestic markets, with special attention to how national monetary policy is handled. The fifteen papers are divided into three sections, each introduced by the author. They cover, respectively, optimal portfolio diversification, indicators of expected inflation, and the determination of monetary policy in the face of uncertainty. In the first section, Frankel explores what information the theory of optimal portfolio diversification can give the macroeconomist. In the second section, he considers what economic variables central bankers might use to gauge whether monetary policy is too tight or too loose. And in the final section, he looks at the range of uncertainty over policy effects and how that complicates coordination of macroeconomic policymaking. The book concludes with a sympathetic analysis of nominal GDP targeting.

Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 76

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Hearing Before the Committee on Banking, Housing & Urban Affairs, United States Senate, One Hundred Fifth Congress, First Session, on Nominations of Yolanda Townsend Wheat, of Missouri, to Be a Member of the National Credit Union Administration Board; Jeffrey A. Frankel of California, to Be a Member of the Council of Economic Advisors; Charles A. Gueli, of Maryland, to Be a Member of the Board of Directors of the National Institute of Building Sciences.

Author: Jeffrey A. Frankel
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 82

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Author:
Publisher:
ISBN:
Category : International economic relations
Languages : en
Pages : 460

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Author: Barry Julian EICHENGREEN
Publisher:
ISBN:
Category : Monetary unions
Languages : en
Pages : 92

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Author: Pranab K. Bardhan
Publisher:
ISBN:
Category : Conflict management
Languages : en
Pages : 54

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Author: Ralph C. Bryant
Publisher: Brookings Institution Press
ISBN: 9780815791324
Category : Business & Economics
Languages : en
Pages : 204

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Book Description
As cross-border transactions and economic integration among nations have increased, formerly neglected differences among the domestic economic policies of nations have become progressively exposed to international scrutiny. National governments trying to pursue autonomous polices have found their decisions more difficult and the consequences of their decisions more uncertain. These trends have in turn provoked debate about whether governments should cooperate more fully when making their policy decisions. In this book, part of the Integrating National Economies series, Ralph A. Bryant considers how much national governments might benefit from coordination of their macroeconomic stabilization polices, the circumstances in which they might cooperation; and how ambitious that cooperation should be. Bryant argues that the potential benefits of attempted coordination are often greater than the potential risks. When national decisionmakers take into account the cross-border spillovers of their actions, and especially if the are prepared to consider mutually beneficial adjustments of their policy instruments, each cooperating nation may be able to attain higher levels of welfare. Bryant discusses circumstances in which efforts to coordinate could prove counterproductive. On the whole, however, he contends that efforts to coordinate policies internationally typically deserve examination and, frequently, can be expected to advance the common interests of nations' citizens. Bryant identifies and analyzes different forms of intergovernmental cooperation for monetary, fiscal, and exchange rate policies. One of the contributors of the book compares and evaluates three different analytical perspectives: the traditional policy-optimization approach favored by economists, the rule analysis of international regime environments, and the institutional analysis developed by scholars of international relations and political science. The book concludes with an o