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rates; the stochastic dimension of the American economy; the role of technology as a source of economic fluctuations; and …
Persistent link: https://www.econbiz.de/10004973044
explore these fluctuations. Topics include consumption and investment; the Overlapping Generations Model; money; multiple … and economic fluctuations, goods, labor and credit markets; and monetary and fiscal policy issues. Each of chapters 2 … and explain fluctuations in output, unemployment and movement in prices. The most important fact of modern economic …
Persistent link: https://www.econbiz.de/10004973211
Since the 1970s, Robert Barro's academic research has significantly influenced macroeconomic theory. For more than a decade, his writing has also enlivened the pages of publications such as the Wall Street Journal and Business Week. In Nothing Is Sacred, Barro applies his well-honed free market...
Persistent link: https://www.econbiz.de/10004973299
In Money, Payments, and Liquidity, Ed Nosal and Guillaume Rocheteau provide a comprehensive investigation into the … economics of money and payments by explicitly modeling trading frictions between agents. Adopting the search-theoretic approach … the frictions in the economy that make money and liquid assets play a useful role in trade. They discuss the implications …
Persistent link: https://www.econbiz.de/10010535233
rate. Money’s role in monetary policy has been tertiary, at best. Indeed, several influential economists have suggested … that money is irrelevant for monetary policy. They suggest that central banks can control inflation by (i) controlling a … rate in order to exert greater control over longer-term rates. I offer an alternative perspective: namely, that money is …
Persistent link: https://www.econbiz.de/10010558739
The exchange rate is sometimes called the most important price in a highly globalized world. A country's choice of its exchange rate regime, between government-managed fixed rates and market-determined floating rates has significant implications for monetary policy, trade, and macroeconomic...
Persistent link: https://www.econbiz.de/10010640612
The United States's post-World War II emphasis on activist fiscal policy for short-term economic stabilization was called into question in the 1960s, and by the late 1980s was superseded by the view that fiscal policy should focus on long-run structural concerns. For the past two decades both...
Persistent link: https://www.econbiz.de/10004973007
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Presentation to the National Association For Business Economics 43rd Annual Meeting, New York City - Sept. 10, 2001
Persistent link: https://www.econbiz.de/10011185077
policies. Topics include the distorting influences of taxation, especially taxes on capital income; infrastructure investment …
Persistent link: https://www.econbiz.de/10004973128