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Macroeconomic Analysis and Stabilization Policy - Stephen J. Turnovsky

Macroeconomic Analysis and Stabilization Policy

Paperback

Published: 3rd October 1977
RRP $50.95
$47.80
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The main focus of this book, first published in 1977, is the construction and analysis of an integrated macroeconomic model. In this exercise, four main aspects are stressed that has not previously received adequate textbook attention. The 'intrinsic dynamics' of the macroeconomic system are emphasized, as well as developments in inflation theory, particularly pertaining to the role of inflationary expectations. In addition, several chapters are devoted to the international aspects of macroeconomics, and their thorough coverage makes this book especially relevant to countries that are heavily dependant on international trade. Several aspects of stabilization policy are also discussed in detail, and an introduction to optimal stabilization theory is also provided. The book is appropriate to advanced undergraduate and postgraduate courses in macroeconomics.

Preface
introduction and overview
The Closed Economy
Review of basic macroeconomic model
The formulation of a consistent macroeconomic model
the dynamics of the government budget constraint
The wage-price sector
A short-run integrated macroeconomic model
An intermediate ruin macroeconomic model
A long run model
The Open Economy
Review of static macroeconomic models of a small open economy
Imported inflation and government policies in a short-run open macroeconomic model
The dynamics of an open economy with fixed exchange rate and fixed prices
Imported inflation and government policies in a dynamic open macroeconomic model
Stabilization Policies
An introduction to stabilization theory and policy
Optimal stabilization theory
Notes
References
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521291873
ISBN-10: 0521291879
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 408
Published: 3rd October 1977
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 2.31
Weight (kg): 0.59