Macroeconomic policy : inflation, wealth and the exchange rate / Martin Weale, Andrew Blake, Nicos Christodoulakis, James E. Meade, David Vines.
This analysis of macroeconomic policy, originally published in 1989, argues that key government objectives, such as reduced inflation, decreased unemployment and an adequate level of national saving can be achieved only by employing both monetary and fiscal policies, in conjunction with supply-side...
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| Main Authors: | , , , , |
| Format: | eBook |
| Language: | English |
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London :
Routledge,
2015.
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| Series: | Routledge Library Editions: Macroeconomics.
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| Subjects: |
MARC
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| 100 | 1 | |a Weale, Martin, |d 1955- |e author. |1 https://id.oclc.org/worldcat/entity/E39PBJbxJqGWwBYTvKq9YMtHYP | |
| 245 | 1 | 0 | |a Macroeconomic policy : |b inflation, wealth and the exchange rate / |c Martin Weale, Andrew Blake, Nicos Christodoulakis, James E. Meade, David Vines. |
| 264 | 1 | |a London : |b Routledge, |c 2015. | |
| 300 | |a 1 online resource. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a volume |b nc |2 rdacarrier | ||
| 490 | 1 | |a Routledge Library Editions: Macroeconomics | |
| 588 | 0 | |a CIP data; item not viewed. | |
| 505 | 0 | |a ""Cover""; ""Half Title""; ""Title Page""; ""Copyright Page""; ""Original Copyright Page""; ""Table of Contents""; ""List of Tables""; ""List of Figures""; ""Notation""; ""Preface""; ""Part I Theory""; ""1 A New Keynesian framework for macroeconomic policy""; ""1.1 An overview of the ideas in this book""; ""1.1.1 New Keynesian financial policy: objectives and instruments""; ""1.1.2 The labour market""; ""1.1.3 An exchange-rate intermediate target""; ""1.1.4 Expectations formation""; ""1.1.5 Small models, large models, and control theory""; ""1.2 Three policy frameworks compared"" | |
| 505 | 8 | |a ""1.2.1 The Keynes-Bretton Woods framework and its demise""""1.2.2 The monetarist framework and its demise""; ""1.2.3 The New Keynesian framework""; ""1.3 Financial policy explained""; ""1.3.1 Money GDP as a financial target""; ""1.3.2 National wealth as a financial target""; ""1.3.3 The rate of interest as the instrument of monetary control""; ""1.3.4 The rate of tax as the instrument of fiscal control""; ""1.3.5 ‘Instrument-target emphasis’: the linkages of financial targets to financial instruments""; ""1.4 Wage fixing and its implications for financial policy"" | |
| 505 | 8 | |a ""1.5 Exchange-rate management""""1.5.1 The case for foreign exchange rate targeting""; ""1.5.2 The foreign exchange rate as an intermediate target""; ""1.6 Expectations""; ""1.7 The form of control""; ""1.8 International aspects of policy rules""; ""1.9 Outline of subsequent chapters""; ""2 The linkages between financial weapons and financial targets: a comparative static analysis""; ""2.1 Linkages and emphasis""; ""2.2 The model of a closed economy""; ""2.2.1 Assumptions""; ""2.2.2 Basic equations""; ""2.2.3 Comparative statics""; ""2.2.4 Comparative advantage and emphasis"" | |
| 505 | 8 | |a ""2.3 The control of inflation and wealth in a closed economy""""2.4 The availability of free lunches""; ""2.5 The open economy""; ""2.6 Conclusion""; ""3 The dynamics of price stabilization""; ""3.1 Introduction""; ""3.2 The analytic model""; ""3.2.1 Policy objectives""; ""3.2.2 The labour market""; ""3.2.3 Output""; ""3.2.4 Prices and the real exchange rate""; ""3.2.5 National investment""; ""3.2.6 The financial markets""; ""3.2.7 Expectations""; ""3.2.8 The complete model""; ""3.2.9 Three basic equations""; ""3.3 The steady state of the real economy"" | |
| 505 | 8 | |a ""3.4 Regime 1: The uncontrolled economy""""3.5 The policy framework""; ""3.5.1 Four types of inflation control""; ""3.5.2 The fiscal-monetary mix""; ""3.5.3 Specification of interest-rate policy""; ""3.5.4 Why investigate decoupled control rules?""; ""3.6 Regime 2: Monetary control of inflation by an exchange rate target""; ""3.7 Regime 3: Fiscal control of inflation by a tax rule""; ""3.8 The comparative advantage of fiscal and monetary policy""; ""3.8.1 The relevance of comparative advantage for policy design""; ""3.8.2 Long-term comparative advantage"" | |
| 520 | 8 | |a This analysis of macroeconomic policy, originally published in 1989, argues that key government objectives, such as reduced inflation, decreased unemployment and an adequate level of national saving can be achieved only by employing both monetary and fiscal policies, in conjunction with supply-side policies expressly designed to improve the workings of the labour market. Part 1 is a comparative analysis showing the effects of monetary and fiscal policy on the economy. Real-wage rigidity in the labour market is shown to have important consequences for the working of both types of policy, because it conditions the economy's response to tax changes. Part 2 presents an econometric model which combines consistent stock-flow accounts with a full range of expectational effects. Part 3 presents an innovative technique for solving rational expectations models with the need for arbitary terminal conditions. | |
| 651 | 0 | |a Great Britain |x Economic policy |y 1964-1979 |x Econometric models. | |
| 651 | 0 | |a Great Britain |x Economic policy |y 1979-1997 |x Econometric models. | |
| 650 | 7 | |a Economic policy |x Econometric models |2 fast | |
| 651 | 7 | |a Great Britain |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJdmp7p3cx8hpmJ8HvmTpP | |
| 648 | 7 | |a 1964-1997 |2 fast | |
| 700 | 1 | |a Blake, Andrew P., |e author. | |
| 700 | 1 | |a Christodoulakis, N. M. |q (Nicos M.), |e author. |1 https://id.oclc.org/worldcat/entity/E39PBJmxWpfH63fpfGKG8BtHYP | |
| 700 | 1 | |a Meade, J. E. |q (James Edward), |d 1907-1995, |e author. |1 https://id.oclc.org/worldcat/entity/E39PBJpDJgxXXYR7WcpX48HDMP | |
| 700 | 1 | |a Vines, David, |e author. | |
| 758 | |i has work: |a Macroeconomic policy (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGhT3vfqjbkjG7G7vH4wmd |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version |z 9781138940017 |
| 830 | 0 | |a Routledge Library Editions: Macroeconomics. | |
| 856 | 4 | 0 | |u https://colorado.idm.oclc.org/login?url=https://www.taylorfrancis.com/books/9781315674520 |z Full Text (via Taylor & Francis) |
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| 952 | f | f | |p Can circulate |a University of Colorado Boulder |b Online |c Online |d Online |e HC256.6 |h Library of Congress classification |i web |