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Macroeconomic Policy Analysis : Open Economies with Quantity Constraints - Michael P. Amos

Macroeconomic Policy Analysis

Open Economies with Quantity Constraints

Hardcover Published: 27th January 1989
ISBN: 9780521343879
Number Of Pages: 84

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This book introduces the concept of public sector rationing in asset markets and provides a modern non-Walrasian approach to macroeconomic policy analysis. The detailed treatment of credit rationing regimes makes this work particularly relevant to economies where the interest rate is regulated. Other topics covered include the disaggregation of the government into the treasury and the central bank, the specification behavior of households, firms, and the central bank as intertemporal optimizers. The book provides models that can be easily extended to take into account both institutional and economic structures of all economies and the particular needs of the policy analysts before empirical implementation.

"This book is a gem, and should have a large impact on the profession. I myself have been returning to an old interest of mine--incorporating financial and macroeconomic considerations into computable general equilibrium models. After an exhaustive survey of the relevant literature, I find the framework proposed in this book the most useful." Irma Adelman, University of California, Berkeley

List of tables
Preface
Acknowledgements
Introduction
Firms rationed in the credit market
Household rationed in the credit market
Households and firms rationed in the credit market
Central-bank portfolio selection and stabilization policies
Summary
Appendix: Monetary and fiscal policies with a flexible interest rate
Selected bibliography
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521343879
ISBN-10: 0521343879
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 84
Published: 27th January 1989
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 0.8
Weight (kg): 0.3

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