Theory of Macroeconomic Policy /

Theory of Macroeconomic Policy / Christopher Tsoukis.

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Theory of Macroeconomic Policy offers a panoramic view of macroeconomic theory as a foundation for understanding macroeconomic, fiscal and monetary, policy.

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Bibliographic Details
Online Access: Full Text (via ProQuest)
Main Author: Tsoukis, Christopher (Author)
Format: eBook
Language:English
Published: Oxford ; New York, NY : Oxford University Press, 2020.
Edition:First edition.
Subjects:
Macroeconomics.
Economic policy.

MARC

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505 0 |a Cover -- Theory of Macroeconomic Policy -- Copyright -- Dedication -- Preface -- Contents -- Detailed Contents -- List of Figures -- List of Tables -- Chapter 1: From AD-AS to Advanced Macroeconomics: A Review -- 1.1 Building Blocks: The Production Function, Labour Demand, and Labour Supply -- 1.1.1 The Production Function -- 1.1.2 The CES Functional Form -- 1.1.3 Augmenting, Biased, or Saving? A Digression on Technical Progress -- 1.1.4 Labour Demand -- 1.1.5 Labour Supply -- 1.1.6 The Elasticity of Labour Supply in the Long and Short Runs: Discussion. 
505 8 |a 1.1.7 The Labour Demand-and-Supply Framework -- 1.1.8 The 'Natural' or 'Structural' Rate of Unemployment, Cyclical Unemployment, the Output Gap, and Okun's Law -- 1.2 Aggregate Demand and Aggregate Supply (AD-AS) -- 1.2.1 From the Labour Market to Aggregate Supply -- 1.2.2 Aggregate Demand -- 1.2.3 Three 'Million-Dollar' Questions in Macroeconomics -- Question 1: Effects of changes in aggregate demand -- Question 2: What are the main lines of thinking by the various -- Question 3: Appropriate policies for the long run -- 1.2.4 The 'Real-Monetary Dichotomy' and Monetary Neutrality. 
505 8 |a 1.2.5 The Short Run -- 1.2.6 Policy Analysis in the AD-AS Model -- 1.3 From the AS to the Phillips Curve -- 1.3.1 The Traditional Phillips Curve: A Dynamic Version of the AS -- 1.3.2 Expectations and the Modern Phillips Curve -- 1.3.3 Policy Implications of the Phillips Curve -- 1.3.4 The Phillips Curve and the NAIRU: Discussion -- 1.4 A Brief Story of Macroeconomics -- 1.4.1 The 'Classics' -- 1.4.2 Keynes -- 1.4.3 The Keynesian-Neoclassical Synthesis -- 1.4.4 The Monetarists -- 1.4.5 The 'New Classicals' -- 1.4.6 The New Keynesians -- 1.4.7 Supply-Side Economics. 
505 8 |a 1.5 Six 'Policy Ineffectiveness Results' -- 1.6 On the Theory of Policy-Making: Targets and Instruments -- Rules -- 1.6.1 Terminology -- Impulse Responses -- 1.6.2 The Relation between Targets and Instruments -- the Tinbergen Theorem -- 1.6.3 Policy Optimization -- Feedback Rules -- Assignment Rules -- 1.6.4 Intermediate Targets and Indicators -- 1.7 Looking Ahead: The Structure of the Book -- Notes on the Literature -- Guidance for Further Study -- References -- Chapter 2: The Rational Expectations Hypothesis and the New Classicals -- 2.1 Introduction. 
505 8 |a 2.2 The Rational Expectations Hypothesis (REH) -- 2.2.1 Early Expectations-Formation Mechanisms -- 2.2.2 Adaptive Expectations -- 2.2.3 The Rational Expectations Hypothesis -- 2.3 Implications of REH: Efficient Markets, 'News', and 'Bubbles' -- 2.3.1 Market Efficiency -- 2.3.2 Anticipations and News -- 2.3.3 Bubbles -- 2.4 The Lucas 'Island' Model and the 'Surprise' Supply Function -- 2.5. The Policy Ineffectiveness Proposition (PIP): The Core Idea -- 2.6 The PIP in More Detail -- 2.7 Staggered Wages and Stabilization Policy: A Baseline Model. 
500 |a 2.8 Wage and Price Inertia and Stabilization Policy: Further Issues. 
520 |a Theory of Macroeconomic Policy offers a panoramic view of macroeconomic theory as a foundation for understanding macroeconomic, fiscal and monetary, policy. 
588 0 |a Online resource; title from digital title page (viewed on December 17, 2020) 
650 0 |a Macroeconomics.  |0 http://id.loc.gov/authorities/subjects/sh85079443. 
650 0 |a Economic policy.  |0 http://id.loc.gov/authorities/subjects/sh85040837. 
650 7 |a Economic policy.  |2 fast  |0 (OCoLC)fst00902025. 
650 7 |a Macroeconomics.  |2 fast  |0 (OCoLC)fst01005221. 
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