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strives to look back and first understand on a macroeconomic level what causes the business cycle of expansion and recession … difficult economic climate. Even though the expansion/recession cycle is still prevalent today, the affects of these swings … economic waters ahead as we try to recover from the current recession. These recommendations hinge on policy advisors and …
Persistent link: https://www.econbiz.de/10009429354
The basic machines of macroeconomics. Ramsey, Solow, Samuelson-Diamond, RBCs, ISLM, Mundell-Fleming, Fischer-Taylor. How they work, what shortcuts they take, and how they can be used. Half-term subject. From the course home page: Course Description This is the second course in the four-quarter...
Persistent link: https://www.econbiz.de/10009433264
The purpose of this thesis is to argue that the core of a monetary economy is a network of triangular contracts between banks, firms, workers and capital goods suppliers. Not only does this network give rise to the creation and valuation of money but it is the organising feature of modern...
Persistent link: https://www.econbiz.de/10009465939
Stock market wealth effects on the level of consumption in the United States economy have been constantly debated; there is evidence for arguments for and against its prominence and its symmetry. This paper seeks to investigate the strength of its negative effect by creating models to analyze...
Persistent link: https://www.econbiz.de/10009474964
This thesis examines two closely related issues: (1) the ability of imperfect information models to explain some aspects of business cycle dynamics, and (2) the interaction between central bank communications and monetary policy. These issues are related because central bank communications can...
Persistent link: https://www.econbiz.de/10009455364
Price stability is widely recognised as the primary goal of modern monetary policy, and the management of private sector inflation expectations has become an essential channel through which this goal is achieved. This evaluation aims to improve the understanding of how the sensitivity of private...
Persistent link: https://www.econbiz.de/10009480481
This paper presents a critique of the traditional textbook representation of fiscal policy, and highlights the misleading policy implications perpetuated by this analysis. In particular, the conclusion that fiscal deficits are likely to be associated with higher interest rates is disputed, as is...
Persistent link: https://www.econbiz.de/10009481936
The basic machines of macroeconomics. Ramsey, Solow, Samuelson-Diamond, RBCs, ISLM, Mundell-Fleming, Fischer-Taylor. How they work, what shortcuts they take, and how they can be used. Half-term subject. From the course home page: Course Description This is the second course in the four-quarter...
Persistent link: https://www.econbiz.de/10009433258
Since 1959 the U. S. has experienced six recessions, not counting the recession that began, according to the National … Bureau of Economic Research, in March 2001. If the date the latest recession ended is taken to be 12/01, in line with … Chairman Greenspan?s testimony on March 7, 2002, that recovery is well under way, we can count a seventh recession since 1959 …
Persistent link: https://www.econbiz.de/10009483028
This dissertation consists of two essays studying macroeconomics questions about labor markets. The research in this document is separated into chapters that study distinct features of aggregate labor market outcomes.The first essay documents the change in behavior of fertility rate at business...
Persistent link: https://www.econbiz.de/10009438698