ORANI-G

ORANI-G
Title ORANI-G PDF eBook
Author Mark Horridge
Publisher
Pages 69
Release 2000
Genre Equilibrium (Economics)
ISBN 9780732615239

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Policy Evaluation with Computable General Equilibrium Models

Policy Evaluation with Computable General Equilibrium Models
Title Policy Evaluation with Computable General Equilibrium Models PDF eBook
Author Amedeo Fossati
Publisher Routledge
Pages 396
Release 2003-09-02
Genre Business & Economics
ISBN 1134518803

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Computable General Equilibrium (CGE) modelling is a relatively new field in economics, however, it is rapidly becoming one of the most useful tools for policy evaluation. This book applies CGE modelling to some of the most urgent international economic policy problems, including the Kyoto Protocol, pension reform, and income taxation, and also analyses the methodological issues that arise.

Post Walrasian Macroeconomics

Post Walrasian Macroeconomics
Title Post Walrasian Macroeconomics PDF eBook
Author David Colander
Publisher Cambridge University Press
Pages 33
Release 2006-07-17
Genre Business & Economics
ISBN 1139459058

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Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for thinking about macro policy. That new synthesis has opened up the door to a new antithesis, which is being driven by advances in computing power and analytic techniques. This new synthesis is coalescing around developments in complexity theory, automated general to specific econometric modeling, agent-based models, and non-linear and statistical dynamical models. This book thus provides the reader with an introduction to what might be called a Post Walrasian research program that is developing as the antithesis of the Walrasian DSGE synthesis.

A History of Macroeconomics from Keynes to Lucas and Beyond

A History of Macroeconomics from Keynes to Lucas and Beyond
Title A History of Macroeconomics from Keynes to Lucas and Beyond PDF eBook
Author Michel De Vroey
Publisher Cambridge University Press
Pages 451
Release 2016-01-08
Genre Business & Economics
ISBN 0521898439

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This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.

Use of Macro Accounts in Policy Analysis

Use of Macro Accounts in Policy Analysis
Title Use of Macro Accounts in Policy Analysis PDF eBook
Author United Nations. Statistical Division
Publisher United Nations Publications
Pages 350
Release 2002
Genre Business & Economics
ISBN

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This publication is based on the 1993 Standard National Accounts (SNA) system and provides guidance on the role of macro accounting as an instrument of policy analysis rather than a data set. It considers the interaction of three themes: the scope of macro accounting, the compilation of macro accounts, and scope of analysis, both in terms of indicator and modelling analysis.

Collected Papers on Monetary Theory

Collected Papers on Monetary Theory
Title Collected Papers on Monetary Theory PDF eBook
Author Robert E. Lucas Jr.
Publisher Harvard University Press
Pages 517
Release 2013-01-07
Genre Business & Economics
ISBN 0674071212

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Robert Lucas is one of the outstanding monetary theorists of the past hundred years. Along with Knut Wicksell, Irving Fisher, John Maynard Keynes, James Tobin, and Milton Friedman (his teacher), Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. Lucas’s contributions are both methodological and substantive. Methodologically, he developed dynamic, stochastic, general equilibrium models to analyze economic decision-makers operating through time in a complex, probabilistic environment. Substantively, he incorporated the quantity theory of money into these models and derived its implications for money growth, inflation, and interest rates in the long run. He also showed the different effects of anticipated and unanticipated changes in the stock of money on economic fluctuations, and helped to demonstrate that there was not a long-run trade-off between unemployment and inflation (the Phillips curve) that policy-makers could exploit. The twenty-one papers collected in this volume fall primarily into three categories: core monetary theory and public finance, asset pricing, and the real effects of monetary instability. Published between 1972 and 2007, they will inspire students and researchers who want to study the work of a master of economic modeling and to advance economics as a pure and applied science.

NBER Macroeconomics Annual 2003

NBER Macroeconomics Annual 2003
Title NBER Macroeconomics Annual 2003 PDF eBook
Author Mark Gertler
Publisher MIT Press
Pages 436
Release 2004
Genre Business & Economics
ISBN 9780262572217

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The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers to an audience of public policymakers and the academic community. Each commissioned paper is followed by comments and discussion. This year's edition provides a mix of cutting-edge research and policy analysis on such topics as productivity and information technology, the increase in wealth inequality, behavioral economics, and inflation.