Macroeconomic Measurement Versus Macroeconomic Theory

Macroeconomic Measurement Versus Macroeconomic Theory
Title Macroeconomic Measurement Versus Macroeconomic Theory PDF eBook
Author Merijn Knibbe
Publisher Routledge
Pages 264
Release 2019-12-06
Genre Business & Economics
ISBN 1351136690

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Ideally, scientific theory and scientific measurement should develop in tandem, but in recent years this has not been the case in economics. There used to be a time when leading economists, or their students, established or led statistical offices and took care that the measurements were consistent with the theory (and vice versa). Not anymore. Macroeconomic theorists and macroeconomic statisticians do not even speak the same language any longer. They do use the same words, such as ‘consumption’, ‘investments’ or ‘unemployment’ but the meanings can often be different. This book maps the differences between macroeconomic theory and measurement and explores them in some detail while also tracking their intellectual, historical and, in some cases, ideological origins. It also explores the possible policy implications. In doing so, the book draws on two separate strands of literature which are seldom used in unison: macro-statistical manuals and theoretical macro-papers. By doing so, the book contributes to the effort to bridge the gap between them without compromising on the idea that a meaningful science of economics should, in the end, be based upon individual people and households and their social and cultural embedding instead of a ‘representative consumer’, or Robinson Crusoe figure. This work is essential reading for students, economists, statisticians, and professionals.

Macroeconomic Theory - 14Th Edn

Macroeconomic Theory - 14Th Edn
Title Macroeconomic Theory - 14Th Edn PDF eBook
Author M C Vaish
Publisher Vikas Publishing House
Pages 832
Release 2010
Genre
ISBN 8125941959

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A complete textbook for UG and PG students of economics, commerce and business management, it provides an integrated view of macroeconomics from a global perspective as well as from Indian with special emphasis on Indian monetary policy. Divided into 4 parts--Introductory, Macroeconomic accounting, 3. Macroeconomic theory, 4. Money, interest and prices, 5. Policy, Foreign exchange and banking, 6. Trade cycle theories and economic growth

Macroeconomics

Macroeconomics
Title Macroeconomics PDF eBook
Author HL Ahuja
Publisher S. Chand Publishing
Pages
Release 2015
Genre Business & Economics
ISBN 9385401351

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Macroeconomics - Theory and Policy provides a comprehensive coverage of all the important theories and policies of macroeconomics. The book is an exhaustive text for understanding all the relevant concepts and current developments in the subject. It traces the relevance of Keynesian theories to the developing economies and has critically examined the post-Keynesian developments.

Growth, Employment and the Price Level

Growth, Employment and the Price Level
Title Growth, Employment and the Price Level PDF eBook
Author Franklin V. Walker
Publisher
Pages 354
Release 2012-04-01
Genre
ISBN 9781258293796

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A Critical Essay on Modern Macroeconomic Theory

A Critical Essay on Modern Macroeconomic Theory
Title A Critical Essay on Modern Macroeconomic Theory PDF eBook
Author Frank Hahn
Publisher MIT Press
Pages 174
Release 1997
Genre Business & Economics
ISBN 9780262581547

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In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.

Alternative Economic Indicators

Alternative Economic Indicators
Title Alternative Economic Indicators PDF eBook
Author C. James Hueng
Publisher W.E. Upjohn Institute
Pages 133
Release 2020-09-08
Genre Business & Economics
ISBN 0880996765

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Policymakers and business practitioners are eager to gain access to reliable information on the state of the economy for timely decision making. More so now than ever. Traditional economic indicators have been criticized for delayed reporting, out-of-date methodology, and neglecting some aspects of the economy. Recent advances in economic theory, econometrics, and information technology have fueled research in building broader, more accurate, and higher-frequency economic indicators. This volume contains contributions from a group of prominent economists who address alternative economic indicators, including indicators in the financial market, indicators for business cycles, and indicators of economic uncertainty.

Law and Macroeconomics

Law and Macroeconomics
Title Law and Macroeconomics PDF eBook
Author Yair Listokin
Publisher Harvard University Press
Pages 281
Release 2019-03-11
Genre Law
ISBN 0674976053

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A distinguished Yale economist and legal scholar’s argument that law, of all things, has the potential to rescue us from the next economic crisis. After the economic crisis of 2008, private-sector spending took nearly a decade to recover. Yair Listokin thinks we can respond more quickly to the next meltdown by reviving and refashioning a policy approach whose proven success is too rarely acknowledged. Harking back to New Deal regulatory agencies, Listokin proposes that we take seriously law’s ability to function as a macroeconomic tool, capable of stimulating demand when needed and relieving demand when it threatens to overheat economies. Listokin makes his case by looking at both positive and cautionary examples, going back to the New Deal and including the Keystone Pipeline, the constitutionally fraught bond-buying program unveiled by the European Central Bank at the nadir of the Eurozone crisis, the ongoing Greek crisis, and the experience of U.S. price controls in the 1970s. History has taught us that law is an unwieldy instrument of macroeconomic policy, but Listokin argues that under certain conditions it offers a vital alternative to the monetary and fiscal policy tools that stretch the legitimacy of technocratic central banks near their breaking point while leaving the rest of us waiting and wallowing.